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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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China's Growth May Slip Below 11%
(Bloomberg | Jun 8)
China's economic growth may slip to between 10 percent and 11 percent this quarter as industrial production and investment expand at a slower pace, a researcher for the nation's cabinet said.

Brazil data fuel fears of overheating economy
(Reuters | Jun 8)
Data showing Brazil's economy grew faster than expected in the first quarter has reinforced bets that the central bank will keep raising interest rates to cool red-hot consumer demand and prevent overheating.

Indo-China talks on food security to begin on Monday
(India Today | Jun 6)
"Food security is a big issue for both China and India. Both the countries are concerned about food security because, being countries with big populations, we need to protect ourselves against shortage of food grain," Indian Ambassador to China S Jaishankar told PTI here today. China is the only country, other than India, which stores large quantities of grains, he said, adding that the two nations are in the process of building on the goodwill generated by President Pratibha Patil?s visit.
Short shelf life for China-US reset
(Asia Times | Jun 8)
the prospects for a "win-win" cohabitation of the US and China on Myanmar appears to be receding, as the perceived need and opportunity to tangle with China on regional security increases.
Capital Markets
The Bullish Case for U.S. Equities
(WSJ | Jun 7)
The largest of the emerging economies (Brazil, Russia, India and China) have advanced their global GDP share to 15% from 7% since 1995. But their relative economic expansion has come at the expense of Europe and Japan-not the U.S.

A huge public offering tests global sentiment about China
(Economist | Jun 10)
THE long-planned public offering of Agricultural Bank of China (ABC) is being launched in a market storm. For devout believers in China, ABC's 320m customers, in a sector largely shielded from competition, are reason enough to go ahead regardless of turbulent conditions. Others think that it is madness for a company with a sketchy record and no desperate need for capital to come forward now, and they whisper that the deal cannot possibly get done.
InfoComm | Technology
***************************************** E-commerce takes off in Japan
(Economist | Jun 10)
THE Japanese economy is stagnant, the population is shrinking and retail sales have declined by around 1% annually for years. But one area is bucking the trend: e-commerce. Revenues have expanded every year by around 17% since 2005, and are expected to grow at nearly 10% a year for the next five years.

India needs more Internet infrastructure: Booz survey
(Livemint.com | Jun 9)
Fast and affordable access to the Internet remains a luxury mainly for India's urban elite, a new report says, and most families still can't even afford a computer. As India's economy continues to blossom, the report by global management consultancy Booz and Co. warns that the country could be held back by the lack of mass access to the Internet.

Web users enjoy full freedom: China
(India Today | Jun 8)
By the end of 2009 the number of netizens in China had reached 384 million, 618 times that of 1997 with an annual increase of 31.95 million users, a white paper published by Chinese government said on Tuesday stressing that stressing the guarantee of citizens' freedom of speech on the Internet.

China becomes the new Silicon Valley
(Peoples Daily Online | Jun 7)
While hiring in Silicon Valley is projected to surge for the remainder of the year, companies are finding competition for talent from across the Pacific in China. As the Chinese tech industry continues to grow in areas such as Internet communications and content sharing, increasing numbers of industry professionals are considering a move east.
Industry | Manufacturing
Beijing to Subsidize Electric Car Sales
(Metal Miner | Jun 8)
subsidies of up to 60,000 yuan ($9,000) will be given to buyers of pure electric vehicles in the five cities chosen for the pilot program - Shanghai, Changchun, Shenzhen, Hangzhou and Hefei - while buyers of plug-in hybrid cars will be eligible for incentives worth up to 50,000 yuan ($7,300).

Chinese retailer Yishion enters India
(Inchin Closer | Jun 9)
Chinese retail major Yishion will be one of the first Chinese fashion brands to enter the Indian market when it opens doors to its flagship store in New Delhi this September. The US$12 billion fashion retailer plans to open least 125 points of sales, including ten exclusive stores and multi-brand outlets, across India by 2012. India will be the 20th Asian country that Yishion has a presence in.
Environment | Climate Change
India leads, USA lags in eco-friendly behavior
(The Independent | Jun 8)
In comparison to only one percent of Americans, 37 percent of Chinese consumers mention the environment as the most important issue facing their country, up 15 percentage points from 2009. China, India, Russia, and Australia showed the most consumers ranking the environment as their countries' most important national issue.
Education & Work Force Development
Global hiring prospects improve
(Reuters | Jun 8)
Employers in most economies are more likely to add workers than three months ago, including those in the United States, but big gains are limited to booming emerging economies like Brazil, India and China, according to a quarterly survey by Manpower Inc
Infrastructure | Real Estate
Private funds flowing swiftly to infrastructure projects
(Economic Times | Jun 9)
Private investments in India's infrastructure projects crossed $25-billion mark in the first three quarters of 2009, as conducive government policies and liquidity in capital market opened the floodgates of corporate funds into the booming energy and transport sectors.

Mumbai plans tallest block
(Strait Times | Jun 8)
This is to meet the aspirations of the global Indian and to establish a landmark for the city...trying to create the Rockefeller Centre-type experience.' The base price of an apartment in the tower starts at 75 million rupees (S$2.26 million) while luxury multi-storey properties could cost up to US$10.5 million dollars (S$14.9 million).

Autobahns in India? Drive at 120kph on expressways
(Economic Times | Jun 9)
The new expressways (18,637km) set to criss-cross the country are all set to break the traditional speed barriers. The technical guidelines prepared for the construction of these corridors visualize a design speed of 120kph.

Dissecting China's Housing Market
(WSJ | N/AN/A)
WSJ interactive content.
Is China's labour market at a turning-point?
(Economist | Jun 10)
China's labour supply is still growing. Its working-age population will increase from almost 977m in 2010 to about 993m in 2015, according to projections issued in December by the US census bureau (see left-hand chart). But the number of youngsters (15-24-year-olds) entering the labour force will fall by almost 30% over the next ten years. These projections reconcile the results of a full census in 2000 and a mini-census in 2005

US-India strategic dialogue: Move beyond symbolism
(Rediff News | Jun 8)
The US-India strategic dialogue, therefore, took place in a context where Washington seems to be putting in a lot of effort to impart a new dynamism to its ties with New Delhi. But most of it is at the level of symbols. It is time now to move to the substance. The focus of the dialogue was on strengthening cooperation on energy, climate change, education, trade and agriculture, and strategic issues.

India's steady march toward superpower status
(WSJ Market Watch | Jun 7)
The real story isn't that India's Reliance Communications and AT&T Inc. are reported to be hammering out a deal in which the U.S. telecom behemoth would have a significant stake in the Indian cellphone operation. But the real story here is the continuing drumbeat of India's influence on the American corporate system and the potential effects on the U.S. economy.
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International Contributors Editorial Board
Prashant Das - Co-Editor | Anitha Vadavatha - Co-Editor | Ruchir Agrawal - Atlanta | Christopher Chan - Intellectual Property - Hong Kong | Dr. Sudhanva Char - Academic Resources | Harsha Harjani - Hong Kong | Asha Hemrajani - Singapore | Geoff Hiscock - Australia | Ratika Jain - UK | Innovation | Shree Pandya - Engaging Youth | Xun Sun - Architecture Consultant | Dr. Yu Xiao - USA | Dr. Nilay Yajnik - India | Dexin Zhou - China |