Op-ed Commentary: Chris Devonshire-Ellis
Oct. 31 – As Western businesses face sluggish economies, Eurozone debt, and an American election next year, beleaguered corporates need to find fast access to markets that can provide good returns for investors. Clearly, as the domestic United States recovers, and Europe continues to argue about its currency and democratic structure, the demand to develop sustainable growth in alternative arenas becomes more pressing. Wall Street remains a slavish animal, and those increasing yields need now to be gained from non-traditional markets. It’s been the case for some time now that many U.S. corporations, without their China subsidiaries contributing to bottom lines, would have otherwise been in serious trouble. However, China isn’t the only answer, although for many it may seem the most obvious. Continue reading
Posted in Business, Featured, Foreign Trade, Manufacturing, Markets
Tagged ASEAN FDI, ASEAN Growth, Asia Investment Strategy, Asia Market Strategy, China FDI, China Growth, China Manufacturing, India FDI, India Growth, India Manufacturing, Singapore FDI, Singapore Tax, Singpore Incentives
Oct. 27 – India will lead the global economy in real GDP growth in 2013, outpacing neighboring China, according to the Rapid Growth Market (RGM) Forecast released on Monday by Ernst & Young (E&Y). The RGM Forecast is the first of its kind, providing insight into the macroeconomic climates of 25 rapidly-developing economies.
According to the report’s predictions, India’s GDP growth will end at 7.2 percent this calendar year, which is 1 percent lower than last year, but it will recover in 2012 where it is expected to reach 8 percent. The forecast then pegs India’s real GDP growth rate to be the highest among all RGMs starting in 2013, when the economy is expected to grow 9.5 percent, followed by China at 9 percent. Continue reading
Posted in Business, Featured, Markets
Tagged China Economy, China GDP, China GDP Growth, China India Comparison, India Economy, India GDP, India Inflation, Indian GDP Growth, Rapid Growth Markets
Oct. 25 – An anti-terrorism draft bill was submitted to the National People’s Congress, China’s top legislature, for discussion on Monday. The draft bill defines terrorist activities as behaviors that have caused or are intended to cause casualties, major economic loss, damages to public facilities, social disorder, or endanger society through violent, destructive, threatening or other measures by provoking social panic in order to coerce the government. Continue reading
Oct. 25 – China is negotiating with ASEAN countries over settling trade in Chinese renminbi (RMB), Assistant to the Governor of the People’s Bank of China Jin Qi told reporters Saturday in Nanning during the third China-ASEAN Summit Forum on Financial Cooperation and Development.
“It (the agreement) is currently underway, but the exact time for signing the agreement will depend on the negotiation process.” Jin said, adding that ASEAN countries should sign bilateral currency swap agreements with China to boost bilateral financial cooperation. Continue reading
Oct. 21 – The Obama Administration is sending its National Security Advisor Thomas E. Donilon to pay diplomatic visits to Beijing and New Delhi this week, the White House announced on October 18.
Donilon will travel to China on Friday to hold talks with senior Chinese leaders, including Vice Premier Wang Qishan and State Councilor Dai Bingguo. The two sides “will discuss a wide range of bilateral, regional and global issues of mutual concern,” the announcement said. Continue reading
Posted in Featured, Politics
Tagged Beijing, China, Hilary Clinton, India, Indonesia Bali, Joe Biden, New Delhi, North Korea Nuclear Issues, Russia, South China Sea Disputes, Syrian Sanction, The 6th East Asia Summit, the White House, U.S. National Security Advisor, U.S. Taiwan Arms Deal