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A periodic sampling of news, analysis and opinion on economic issues of India, China and the USA
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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.

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Events | Announcements
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big logoWebinars
(Amritt Ventures)
The global economic crisis creates both an opportunity and a problem for Western companies who source products and services of all kinds from China, India and elsewhere in Asia.
Title: Sourcing Asian products/services in troubled times
Date: Tuesday, October 20, 2009
Time: 1:00 PM - 2:00 PM PDT

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Headlines
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big logoG-7 finance ministers warn recovery 'fragile'
(By Pan Pylas | Oct 3)
Finance ministers from the Group of Seven rich countries warned the recovery remains "fragile" and tried to talk up the U.S. dollar amid fears it could fall farther and disrupt the global economy.

China, India gain in crisis fallout: World Bank
(The Age | Oct 5)
Developing countries were on the rise before the credit crunch and, as the latest snapshot of the global economy released last week illustrates, their position has been strengthened by their ability to keep growing as the West teetered on the brink of a 1930s-style depression.

Brazil joins emerging-nation boost to IMF funds
(AFP | Oct 6)
The combined bond purchase of Brazil, India and China is one-sixth of the total 500 billion dollars pledged by the G20 largest rich and emerging-market economies to triple the IMF's resources.

No Recession in Chindia
(Taipan PC | Oct 5)
"...According to a recent study released by the World Bank, the economic crisis of 2008 has only hastened the shift of power from west to east. No longer will America be the sole engine of growth and spending - and no longer will the dollar be the world's de facto reserve currency..."

Rice Production in India to Slump, FAO's Calpe Says
(Bloomberg | Oct 8)
Drought in India may slash rice output in the world's second-largest grower by about 18 percent this year, cutting global supplies available for importers, a United Nations official said.

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Politics | Policy
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Obama to visit China in mid-November
(Xinhua | Oct 7)
U.S. President Barack Obama will visit China in mid-November in a four-nation Asia trip from Nov. 12 to 19 which will also take him to Japan, Singapore and the Republic of Korea, the White House said on Wednesday.

Al Qaeda Leader: China, Enemy to Muslim World
(TIME | Oct 9)
On Oct. 7, a top-ranking al-Qaeda leader issued a call to the Islamic world to battle a great nation of infidels. Through a video posted on the internet, Abu Yahya al-Libi condemned this superpower for perpetrating "injustice and oppression" against Muslims and "looting their wealth"... But the country in the crosshairs of al-Qaeda's latest diatribe was not the U.S. or any of its allies in the West. It was China.

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Money & Capital Markets
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China dominates takeover activity
(The Australian | Oct 6)
CORPORATE deals in Australia and China are dominating investment banking in the Asia-Pacific region, with the two countries accounting for almost half of the transactions. The Chinese appetite for Australian assets has diversified away from the resources sector after Sinochem's $3.3 billion takeover proposal for Nufarm, in a trend that is likely to continue, according to investment bankers.

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InfoComm | Technology
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TCS wants more out of its China play
(DNA | Oct 7)
"China and Latin America came up around the same time. But the two geographies are different. China ramp-up has been slow on language and cultural aspects. We do not put revenue numbers to start with in a region. More important aspects are establishing a robust delivery model, building a reference customer base, establishing a team etc."

New subscribers, innovative ways help India outpace China
(Business Standard | Oct 13)
India has piped China to become the world's fastest growing telecom market, thanks to the various "innovative" ways such as infrastructure sharing and network management outsourcing adopted by it that has also helped operators keep the service charge low, says a report.


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Industry | Manufacturing
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Yum! Brands Grow In China
(Forbes | Oct 7)
So far, it's working -- at least for Yum! Brands ( YUM - news - people ), the Louisville, Ky.-based fast-food corporation. Yum!, which operates KFC and Pizza Hut world-wide, attributed better-than-expected third-quarter earnings to increased sales growth in China.

Analyst raises Coca-Cola estimates on sales boost
(AP | Oct 12)
India's volumes should be up 20 percent, while Latin America should post a 5 percent gain. China is estimated to have a 10 percent boost in volumes. Weakness is still found in Russia and Eastern Europe, he said, as consumers trade down and cut their spending amid the recession.

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Logistics | Transportation
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Driving Ambition: India's Emergence as a Hub for Compact Cars
(Knowledge@ Wharton | Oct 8)
What is driving the optimism? For one, the domestic market is already growing nicely. India produced 1.5 million vehicles last year. In the first four months of this fiscal year, production was up 10% compared with the same period last year.

Electric Cars in India: Why So Few?
(Knowledge@ Wharton | Oct 8)
India has millions of people to house, power grids to expand and factories to fuel. They all involve hydrocarbons. How, then, is a developing economy to grow sustainably? One answer may lie in a small electric car being manufactured right here in Bangalore.

Australian Jetstar wants to cash in on India and China travel routes
(thelatestnews.com | Oct 12)
With India and China growing fast in the travel industry, Bruce Buchanan, head of the low-cost Australian airline Jetstar, said that the airline is eying route-related opportunities in China and India.

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Energy
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Oil Not Priced in Dollars by 2018?
(Business Week | Oct 7)
In the most profound financial change in recent Middle East history, Gulf Arabs are planning - along with China, Russia, Japan and France - to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

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Infrastructure | Real Estate
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Overall, International Interest in U.S. Real Estate Has Waned
(New York Times | Oct 8)
Despite plummeting prices, international interest in United States property cooled in the last year, according to an annual survey by the National Association of Realtors, a U.S. organization of property agents. But the study also reflected the continued importance of overseas buyers to the U.S. market. International transactions accounted for 9 percent of total business, unchanged from the previous year.

INTERVIEW - Kuwait firm to tap China real estate in Asia push
(Reuters | Oct 8)
A Kuwaiti investment firm affiliated to the Gulf state's sovereign wealth fund is eyeing stakes in fund and asset managers operating in China and plans to set up a Chinese property fund, a company executive said.

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Opinions
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China will overtake America, the only question is when
(The Independent | Oct 6)
Few things would be more powerfully symbolic of the shift in the balance of global economic power than to have oil traded in the Chinese renminbi rather than the American dollar.

Should investors shift focus to emerging markets?
(Jamaica Observer | Oct 7)
While emerging markets will always be affected by the performance of their developed counterparts, the latest economic crisis saw these economies boost their "immune systems" by growing domestic demand and lessening their dependence on the US and other major economies for exports and capital.

Eye On India: Mobile Games Rising
(Gamasutra | Oct 7)
But let's start at the beginning. India has a population of almost 1.2 billion people, 400 million of whom are lucky to eat a meal every day -- yet this is also a country that earlier this year sent a rocket to the moon. It is pressing for a seat on the Security Council of the United Nations, but also suffers from endemic corruption and has a road system that is more rutted track than highway.

big logoWhy Investors Should Bet Against the Dollar
(Forbes | Oct 12)
The current knocks on America are pretty familiar: We're not educating our citizens well enough, especially in math and science. We've lost our manufacturing base. Our workers can't compete with workers from low-wage countries. Our deficits are too high, and our debt will destroy the dreams of future generations.

big logoA Different Kind of Moon Race
(Huff Post | Oct 12)
"...New space powers such as China and India have dedicated and complex space programs now under development, with the Moon as their target. Trying to "win" a Moon race with them would be foolish. They would eventually reach the Moon, with or without our help. What would be our policy then?..."

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ICA Institute

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Articles and opinion pieces are from a variety of sources and viewpoints and do not necessarily reflect those of ICA Institute. Access to some articles may require free registration to the site or may not be cited to the original source.
International Contributors Editorial Board
Prashant Das - Co-Editor | Anitha Vadavatha - Co-Editor | Christopher Chan - Intellectual Property - Hong Kong | Dr. Sudhanva Char - Academic Resources | |  Harsha Harjani - Hong Kong | Asha Hemrajani - Singapore | Geoff Hiscock - Australia | Shree Pandya - Engaging Youth | Xun Sun - USA | Dr. Nilay Yajnik - India |  Dr. Xiao Yu - USA