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About Us
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The ICA Institute
is a non-profit research institute working to
foster research and dissemination of
knowledge on the rise of China and India and
their impact on global markets, global
resources and geopolitics of the world. The
ICA Institute's mission is to generate new
perspectives on the role of market and
resource driven economic development. ICA
Institute fosters interaction and dialogue
between academic scholars, industry leaders
and policy makers on the impact of emerging
economies in general and China and India in
particular. Specifically, The ICA Institute is
positioned to be a catalyst between faculty
and students in International Business and
industry leaders and managers.
www.icainstitute.org
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Greetings!
Do you have some insights to share with our global subscriber base? You are welcome to submit your own Opinion Editorials for upcoming several issues of this newsletter. Please write to us at prashant.das@icainstitute for further details.
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Books
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 Globalization of Chinese Enterprises
(Palgrave MacMillan)
Globalization of Chinese Enterprises is a unique contribution to a growing literature. It analyzes, through a series of unique contributions by Chinese and Western experts, the rapid evolution of Chinese enterprises in global markets, outside of the Asian-Pacific area and provides a roadmap to understand its evolution of Dragon multinationals and their impacts.
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ICA Exclusive
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 Recovery and Real Estate: A Tale of Three Nations
(Chindia Biz | Sep 18)
Real estate markets in India, China and America exhibit different characteristics. Yet, they have gone through the challenges of the same, globally spread credit crunch. This commentary compares the scenarios in the three nations.
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Headlines
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 UK firms betting on China and India
(UKPA | Sep 18)
Almost two-thirds of UK companies expect to earn more than 20% of their revenues from emerging markets like China and India within the next five years, a survey has revealed.
Fed Chief Says Recession Is 'Very Likely Over'
(New York Times | Sep 15)
The Federal Reserve chairman, Ben S. Bernanke, said Tuesday that it was "very likely" that the recession had ended although he cautioned that it could be months before unemployment rates dropped significantly.
China to come out of economic crisis strong: analyst
(Xinhua | Sep 17)
China has fought off the economic crisis and will be among the strongest countries to weather the impacts, political analyst and Newsweek editor Fareed Zakaria said in an interview with Xinhua. Zakaria, also a CNN host, said some of the decisions made by the Chinese government before the crisis could be seen as "very wise."
Crisis fails to topple US as world's top power: Study
(Economic Times | Sep 15)
A report from the International Institute for Strategic Studies (IISS) think tank in London said that despite taking an economic hit, the downturn has highlighted how other states look to Washington for their lead.
Brumby faces tougher Indian mission after 'racist' attack
(The Australian | Sep 17)
THE bashing of four Indian men in the Australian city of Melbourne has reignited simmering tensions in India, and Victorian Premier John Brumby has conceded it will make his mission to repair relations more difficult.
Mr Brumby, who leaves for India on Monday to promote Melbourne as a safe destination for students, conceded his task has been made harder.
 World stocks shaken by US-China trade dispute
(AP | Sep 14)
European and Asian markets fell Monday and Wall Street was expected to drop on the open, as investors worried that a new trade dispute between the U.S. and China could hurt a fledgling global economic recovery.
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Policy | Politics | Strategic Affairs
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Fortress Asia: Is a Powerful New Trade Bloc Forming?
(TIME | Sep 7)
The Great Recession hasn't been great for free trade. Yet against this dim backdrop, the part of the world that was hit hardest by the trade crash - Asia - has been actively opening up its regional markets.
Chinese president calls for further modernization while maintaining stability
(Xinhua | Sep 9)
Chinese President Hu Jintao urged the country's senior officials to take the 60th anniversary of the founding of New China as a new start for carrying on its modernization drive while maintaining social stability. It is meaningful especially after "Urumqi Riot".
India wants Beijing to improve market access
(The Hindu | Sep 16)
Indian officials have urged China to improve market access for Indian companies in the face of persisting problems in a number of sectors, ranging from agro-processing to information technology, and a fast-widening trade deficit. India's exports to China fell by 50 per cent in the first six months of 2009. During this period, Chinese exports fell by 16 per cent, doubling the value of Indian exports.
 China's struggling smaller firms
(The Economist | Sep 10)
CHINA'S massive, state-backed firms are becoming ever more visible on the world stage, but the country can trace a great deal of its recent economic success to countless small and medium enterprises. Today, as China continues to grapple with the effects of the global slowdown, these smaller firms are enduring a large share of the economic pain.
 Business and Barbs
(Hindustan Times | Sep 11)
It is an economic relationship that is soaring. One is the world's factory, the other the global back-office. The two neighbours, housing nearly 37 per cent of world's people, are also the hottest growth economies. If China sizzled with a 9 per cent growth in 2008, India grew at 6.7 per cent...
Murder Suicide In Chimerica: The Marriage Of China And America
(iStockAnalyst | Sep 14)
The United States spent far in excess of what it saved. Meanwhile China ran a huge current account surplus, accumulating a $2 trillion stash of largely U.S. dollar-denominated international reserves, effectively funnelling America's borrowed money back into the U.S. economy.
 Gold a hedge and no more - yet
(Asia Times | Sep 15)
On the contrary: most of the world (China and India in particular) would prefer that America enhance rather than diminish its world role. The last thing China wants to do, for example, is to have to suppress Islamist insurgencies inspired by Washington's newfound interest in engaging the Muslim world.
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Money & Capital Markets
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BofA Merrill-US equities to outshine Treasury bonds
(Reuters | Sep 10)
Investors should put more cash into U.S. equities and reduce their exposure to U.S. Treasury bonds over the next 12 months, a report from Bank of America Merrill Lynch said on Thursday. The firm prefers China and Brazil over India and Russia, and suggests using small-cap mutual funds to play the consumer angle.
Insider trading in Hong Kong: Regulators are suddenly getting tough
(The Economist | Sep 17)
Over the past year Hong Kong's Securities and Futures Commission (SFC) has initiated ten prosecutions for insider trading, resulting in ten guilty verdicts, dozens of convictions and five jail sentences.
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Environment | Climate Change
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White House names IIT-ian Arun Majumdar as America's Green Czar
(The Times of India | Sep 19)
Majumdar's India-China connections is what appears to have driven the Obama White House to choose him for the new job, considering the two countries are thought to be pivotal in the upcoming energy debate.
China strengthens pollution check ahead of National Day
(Xinhua | Sep 10)
From drinking water to mine tailings, China is reinforcing environmental checks around the capital to prevent potential pollution in the run up to the National Day celebrations on Oct. 1 when a huge gathering will be held in Tian'anmen Square.
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InfoComm | Technology
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Google Dominates Internet Landscape in India and Brazil
(Reuters | Sep 14)
Google Sites Account for Nearly 30 Percent of All Time Spent Online in these
Two Markets, Three Times Higher than Average. Google Sites ranked as the most visited Internet property worldwide with 854 million unique visitors age 15 and older in July, an increase of 18-percent during the past year.
In six years, almost every Indian will own a mobile
(DNA | Sep 17)
...barring kids, who can't own mobiles, everyone will have a cellphone by 2015. That's 100% coverage, though the absolutely poor won't have one, and some will have multiple mobiles...the mobile base is expected to grow 150% to 1,110 million by the end of 2015.
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Industry | Manufacturing
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 China looks into US car parts 'dumping'
(Guardian | Sep 13)
China is launching an anti-dumping investigation into American car parts and chicken imports, the government announced today - two days after Barack Obama approved new tariffs on Chinese-made tyres.
Outsourcing 3.0: GE'll manufacture here now
(DNA India | Sep 17)
The globe-straddling industrial giant has now decided to make India a manufacturing base, primarily to cater to the growing demand within the country and also cater to the neighbourhood.
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Logistics | Transportation
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 Can India's Logistics Industry Deliver a Better Model for Transporting Goods?
(Knowledge@Wharton | Sep 10)
In October, G.R. Gopinath, who revolutionized air travel in India by starting Air Deccan, the country's first low-cost airline, will take to the skies once more. This time around, though, he'll be transporting cargo, not passengers. With his new express transportation and logistics venture, Deccan 360, Gopinath is looking to redefine the industry.
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Energy
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Petrol prices in China
(The Economist | Sep 17)
ALTHOUGH crude-oil prices have bounced back since the start of this year, they are still only half what they were at their peak in July 2008-much to the relief of motorists worldwide. Americans, for instance, are paying one-third less at the pump than they did last summer.
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Infrastructure | Real Estate
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Key finance analyst predicts 30% growth in chinese property investment
(Nuwire | Sep 8)
Property investment growth in China could reach 30% next year and is a crucial factor in the country's economic recovery, leading financial analyst claims. The recovery in China's real estate market is now well underway with property sales surging 60% by value in the first seven months and home prices in 70 major cities rising the most in nine months in July from a year earlier.
Foreign purchases of U.S. homes dip
(CNN Money | Sep 15)
Despite record U.S. home price affordability, international buyers have been unable to take advantage because of the worldwide recession and credit crunch...Home sales to foreign clients dropped 9.4% in the year ended in May to 154,000...
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Agriculture
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 The man who fed the world'
(Philadelphia Inquirer | Sep 15)
Borlaug, who died Saturday at age 95, was described as the "man who fed the world" ...His work aided farmers in Latin America, Africa, China and the Indian subcontinent, among many other global communities.
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Opinions
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 Can Chinese model be replicated?
(Peoples Daily | Sep 18)
"...We can make a brief comparison between China and India...Although some specific experience of China is highly valued and has already been used in India, the different national conditions decide that it is impossible for India to replicate the Chinese model. "
 America can't overlook energy issues
(Politico.com | Sep 11)
"...With lower wages, less environmental regulation and lower litigation liability costs in China, India and Brazil, we cannot afford to tie both our hands behind our back as we strive to retain good-paying manufacturing jobs..."
 U.S. vs. China: Has Trade War Begun?
(Seeking Alpha | Sep 14)
China had the world's largest pool of labour, but relatively few employment opportunities or means of wealth-creation. Corporate America, on the other hand, had concluded that its own domestic labour market had become prohibitively expensive.
 Asia's ETF Recovery: Smooth Sailing Ahead?
(Seeking Alpha | Sep 13)
Asian economies, along with related exchange traded funds (ETFs), are amongst the fastest growing in the world, especially after the global economic hiccup.
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ICA Institute
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