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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 logoICA Op-Eds available for Download
(ICA Institute | Oct 30)
On subscribers' demand, we are making our exclusive Op-Eds available for Download at the ICA Institute Website. You may add your comments on each entry at ChindiaBiz Blog. We look forward to hearing from you.
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ICA Exclusive Op-Ed
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big logoIs India Ready for REITS?
(Chindia Biz | Oct 30)
The talk of launching REITs in India in a structure similar to what exists in the United States has been going on for many years. What should be realized, however, is that many aspects of real estate in India must be addressed before one could even think of introducing such a product to the investment community.
To Download in PDF format click here.

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Headlines
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Forget China, Brazil's a cheaper investment
(CNN | Oct 27)
Its once-troubled economy has bounced back from the global financial crisis more quickly than many, and its government debt earned an investment-grade rating from Moody's in September. Unemployment is down from its March peak, wages are up, and the Bovespa index, which tracks the country's biggest stocks, has climbed 77% so far this year.

Investors to sue 11 renowned foreign banks
(China Daily | Jan 1)
A group of 30 millionaires plan to sue 11 foreign banks including ABN AMRO, DBS, HSBC, and Citibank in Beijing, claiming those banks cheated them into buying complex financial derivatives which led to losses of more than HK$1 billion yuan ($129 million).

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Policy | Politics
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India, China, Russia seek role in Afghan policy
(Reuters India | Oct 27)
The appeal by the three big powers comes at a time when public support for the war in Afghanistan is fading in Western countries, and just as the United States is debating whether to send more troops to arrest a growing Taliban insurgency.

Where The CIA Got It Wrong About The U.S.
(CBS | Oct 27)
Many of the broad, down-the-road predictions made in Global Trends 2025 have, in fact, already come to pass. Brazil, Russia, India, and China -- collectively known as the BRIC countries -- are already playing far more assertive roles in global economic affairs, as the report predicted would happen in perhaps a decade or so.

China pushes Australian trade pact
(The Australian newspaper | Oct 30)
CHINA has signalled it wants fast progress on stalled free trade agreement talks with Australia and to use the "unique" relationship between the countries as a model for Beijing's relations with other countries.

China, U.S. gear up for Obama's state visit
(Xinhua English | Oct 27)
BEIJING, Oct. 27 (Xinhua) -- Chinese and U.S. officials held talks in Beijing on Tuesday, pledging to make full preparation for the upcoming state visit to China by U.S. President Barack Obama in mid-December.

INTERVIEW | India's voice on the global stage very important: Bush
(Hindustan Times | Oct 30)
George W. Bush, former President of the United States and chief guest at the Hindustan Times Leadership Initiative, spoke about his present life, why he sought to change the Indo-US relationship, and the global role he sees India fulfilling.

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Money & Capital Markets
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INTERVIEW: How will China's foreign reserves rejig impact India?
(Money Control | Oct 27)
In the course of the last few months, the dollar has consistently fallen against most global currencies and against the rupee. The dollar is down 4% year to date and 6% in the last six months.

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Environment | Climate Change
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Asia, Africa Are 'More Vulnerable' to Climate Change
(Bloomberg | Oct 27)
"The unfortunate coincidence is that developing countries are located in the tropical belt and are more vulnerable to the impact of climate change," said Marcel Alers, a climate change mitigation adviser to the United Nations Development Program.

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InfoComm | Technology
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Web to be truly worldwide at last
(BBC | Oct 30)
"But for other people who grew up in China, India or Korea, or many other places using different scripts, not only is it an issue of convenience, but it's an issue of what's right, the right to express their names in their own cultural language."

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Logistics | Transportation
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China's Big Bet on Rail Transportation
(BNet | Oct 27)
A number of new rail links will soon compare favorably with air travel in both trip time and price. And if they're truly convenient, they could send China on a different path from the car culture that has made the U.S. entirely dependent on oil (although dependency is a matter of degree, and China is already on the way to addiction sans interstates).

Nissan unveils new platform of cheap, light cars
(AP | Oct 27)
The company plans to launch a new small car platform - dubbed "V" for versatility - in Thailand, India, and China starting in March. In the works since 2005, the cars are the first Nissan is launching in the developing world.

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Energy
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BHP chief warns of China pullback
(Dow Jones in The Australian newspaper | Oct 30)
BHP Billiton chief executive Marius Kloppers sees signs of a "pullback" in demand as China finishes rebuilding its inventories of raw materials. "China has been the major and sometimes only source of demand for commodities in the second half of 2009,'' he said in a speech overnight at the London annual general meeting of the world's largest mining company. "Restocking in China is now essentially complete and we are seeing signs of a pullback in demand.''

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Education | Work Force
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India Getting Tough on Business Visa Issuance
(India | Oct 28)
India's Ministry of Commerce and Industry has announced that foreign workers in the country on business visas must leave the by the end of the month or on the expiry of their visas whichever is earlier to return to their home country and apply for an employment visa there. Indian consulates will be issuing business visa only to those who qualify the set guidelines issued in August 2009 by the Ministry of Commerce and Industry.

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Opinions
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Superpower rivalry, Sino-Indian style
(The Guardian | Oct 25)
The idea of China's "peaceful rise" has always represented the triumph of imagination over reality. But over the last several months, Beijing has done enough to shatter every hope of peace in Asia.

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Sincerely,
ICA Institute

Send your comments/suggestions to prashant.das@icainstitute.org
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