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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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Insights
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China Update 2010: The next 20 Years of Reform & Development
(Australian National University E-Press | Jul 14)
China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world's most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges.
 Myths and Realities of Being an Entrepreneur in India
(Knowledge @ Wharton | Jul 15)
Despite the recent economic downturn, entrepreneurship is alive and well in India. New entrepreneurs have succeeded in many recent high-growth industries such as civil aviation, retail trade and IT services. Their success blasts the myth that family-managed business houses with connections have an edge in access to capital, although scaling up distribution remains a challenge for startups.
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Headlines
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 The Moon in Close Up
(Beijing Review | Jul 19)
Chinese scientists have designed lunar rovers, and plan to land one on the Moon in 2013. The first spacecraft in the program, an unmanned lunar orbiter named Chang'e 1, was launched in October 2007. The second unmanned moon orbiter, Chang'e 2, will be launched at the end of this year.
Cabinet approves new symbol for Indian Rupee
(CNN IBN | Jul 15)
India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique identity. The Union Cabinet on Thursday approved the design, which includes both the Devnagiri 'Ra' and the Roman capital 'R' and has two parallel lines running at the top. The parallel lines symbolise the equal to sign. The symbol selected has been designed by an Indian Institute of Technology-Bombay postgraduate D Udaya Kumar...
India says farms key to matching China
(Financial Times | Jul 20)
Improving India's rural economy is the key to matching China's economic growth rate of 10 per cent, Indian financial policymakers said on Tuesday. Particular attention, he said, was needed to secure higher productivity in India's eastern states, Bihar and Jharkhand. Last year, a severe drought led to a contraction in farm output.
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Capital Markets
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Agricultural Bank of China's IPO may be the biggest in history
(The Economist | Jul 7)
THE initial public offering of Agricultural Bank of China, the country's third-largest bank, looks set to become the biggest IPO on record. On July 6th and 7th the bank raised a reported $19.2 billion in a dual listing on the Shanghai and Hong Kong stock exchanges. If the bank takes up a further 15% allotment of shares, that would value the deal at a total of $22 billion, slightly more than the offering in another Chinese bank, ICBC, in 2006.
Microfinancing spreads beyond India's grassroots
(Financial Times | Jul 20)
Indian microlending was originally pioneered by cautious, non-profit grassroots organisations with strong charitable or community service focuses. But the sector's recent growth spurt has been propelled mainly by a newer breed of younger, more aggressive profit-orientated companies, such as SKS, backed by specialised private equity funds like Lok Capital, Sequoia and others that see huge market potential in the 65 per cent of Indians without access to regular banking services.
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Technology
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China Uses Seawater Desalination Technology at Nuke Project
(Beijing REeview | Jul 19)
Seawater desalination technology is being used at the Hongyanhe nuclear power station under construction in Wafangdian City in northeast China's Liaoning Province.
Desalinated seawater has for years been used at foreign nuclear projects abroad but it is the first time the technology has been used at a major nuclear power project in China.
 Google's License Renewal in China: Victory, Defeat or Stalemate?
(Knowledge @ Wharton | Jul 21)
When China's government renewed Google's ICP license to operate in the mainland in early July, there was a collective sigh of relief. But although Google successfully renewed its mainland Internet license in China in early July, it could not reach an agreement with the country's authorities to operate an uncensored search engine. Instead, Google.cn is allowed as a landing page that provides a link for conducting web searches through its uncensored Hong Kong portal.
Baidu profits from Google's problems
(Eastday | Jul 23)
Baidu's profits more than doubled in the second quarter of this year because of an increase in customers after rival Google lost market share. Baidu said it was in the process of developing search products for wireless Internet to adapt to new user behavior as more and more users access the web through handsets.
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Environment | Climate Change
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Asia's alarming cities
(The Economist | Jul 1)
As for the superblocks that exemplify China's urbanisation, a dozen new ones are built every day. Yet their conceptual design is flawed, however many low-energy light bulbs they boast. They get built after the city government lays out a system of arterial roads. State utility companies put down power, water and sewage mains. Developers bid for the rights to build blocks with specified numbers of housing units, schools, offices, shops, green space and so on. The developer throws up the block and plugs it into the centralised utilities grid. Presto, people move in.
Firm Apologizes for Leak
(WSJ | Jul 21)
SHANGHAI-A major Chinese mining company offered a rare public apology for its role in polluting a local river, while fishing vessels helped clean up a large oil slick off the major port city of Dalian, as China continues to grapple with a spate of industrial accidents.
Green India Mission may exceed estimate
(Livemint.com | Jul 20)
The mission could offset about 10.5% of projected national GHG emissions compared with the ministry of environment and forests' earlier estimate of 6.4%, according to Greening India Mission: A critical review by the Indian Institute of Science, Bangalore.
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Education
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Academic fraud in China: Replicating success
(The Economist | Jul 22)
Admissions officials are suspicious of near-perfect scores on standardised tests and glowing recommendations from professors, which are common to many applications from China. The risk is that genuinely qualified students are turned away because of general suspicion about fraud. But at least China's growing academic integration with the outside world may help. As more academics earn degrees abroad and go back to posts in China, informal networks are created that help outsiders check on the quality of applicants. That is a small innovation, but perhaps one that will benefit China.
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Industry
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Chinese Firms Snap Up Mining Assets
(WSJ | Jul 1)
In the global hunt for mining assets, China has emerged as the buyer to beat: Just a few years after suffering high-profile failures to close big acquisitions, Chinese buyers of all sizes are sealing more sophisticated deals at a higher rate of success.
China-made planes set to soar onto world market
(Eastday | Jul 21)
Chinese planes can make a ""significant impact"" on the world arms market, said an expert of a leading think tank. Two JF-17s, co-produced by China and Pakistan, have just made their international debut at an ongoing major international air show. Gary Li, who analyzes the People's Liberation Army for London-based International Institute for Strategic Studies, also told China Daily that the Chinese air force is already ""one of the strongest" in the world. Though Chinese aircrafts are not comparable with US or Russian ones, Li said, "Chinese companies offer very attractive packages."
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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