Reshoring naysayers believe China is still the place to be
Mar. 25 – Yes, most US-owned and other foreign-invested factories are still in China. This is despite all the press that reshoring, often described as moving back production to the US, has been getting.
For many companies, three factors stand out as their reasons for staying: strong vendor base, excellent infrastructure and skilled labor pool.
These advantages are not lost even to suppliers of high-value products such as consumer electronics, automotive parts, construction equipment and appliances, segments said to be the most ideal “reshorers.” Continue reading
The five-point formula put forth by newly-elected Chinese President Xi Jinping to bolster bilateral relations with India signifies once again that Beijing is increasingly going for a semblance of stability in relations with its largest neighbour, without making any strategic concessions on contentious issues.
By Reshma Patil
Mar. 25 – China’s new leadership wants to improve economic relations and maintain the uneasy pre-2008 status quo on strategic disputes with India. This message came through in the first policy statement on India from China’s new President Xi Jinping.
Xi’s five-point foreign policy proposal on India is overall a friendly overture in familiar wording. It is not a new or innovative policy shift. The statement signifies once again that Beijing is increasingly going for a semblance of stability in relations with its largest neighbour, without making any strategic concessions on contentious issues. Continue reading
Op-ed Commentary: Dr. David A. Owen
Mar. 20 – In the West, especially the United States (U.S.), time is often conceived as a tangible asset that can be used effectively or effectively wasted. Time is inflexible, impersonal, and even has defined limits; the common expression don’t waste my time seems to capture the essence quite nicely.
In the workplace, schedules and appointments tend to be extremely rigid. This likely explains why time keepers and digital appointment calendars are so popular. Phrases such as I don’t have enough time, where does the time go and I’m late are commonly heard throughout the work environments.
Therefore, time should not be wasted under any circumstances. Managing time in an efficient manner is the goal! Continue reading
Chinese premier Li Keqiang speaks with Peter Bonfield, chief executive of BRE Group, a British consultancy and research company, in Watford, England, January 12, 2011 (Department for Business, Innovation and Skills)
By Nick Ottens
Mar. 19 – China’s new premier promised on Sunday to launch a “self imposed revolution” to relax the state’s heavy grip on the management of world’s second largest economy which should also reduce corruption on the part of public sector workers.
Speaking in Beijing, Li Keqiang admitted that the process will be difficult.
“Nowadays, stirring up vested interests is more difficult than stirring up one’s soul. But no matter how deep the water is, we must wade through because we don’t have other options. It’s our nation’s fate and future that are at stake.”
Li made few concrete commitments beyond reducing regulations by a third, echoing the words uttered by his predecessor, Wen Jiabao, who called for continued “reform and opening up” of the economy in his final policy address to the National People’s Congress on Tuesday. Continue reading
Op-ed Commentary: Chris Devonshire-Ellis
Mar. 18 – A survey by Knight Frank, the Wealth Report 2013, has clearly demonstrated that the bulk of Asia’s High Net Worth Individuals (HNWI) are concentrated in China and India, and that the fastest growing rates for the accumulation of wealth will also be in these two countries. The definition of a HNWI is someone who has US$30m or more in net assets, including property.
While the top twenty-five cities home to HNWIs were dominated by the United States and Europe, with New York, London, Tokyo, San Francisco and Los Angeles claiming the top five spots, the percentage change of growth of HNWIs from now until 2020 is fastest in Asia, particular in China and India. Continue reading
Mar. 18 – Asian countries with strong Buddhist beliefs are starting to crackdown on the recent craze of sporting Buddha tattoos, a phenomenon that has gained popularity in Thailand amongst Westerners but which has been offending the locals.
Recently, in Sri Lanka, a female tourist displaying a tattoo of the Buddha on her back was arrested for “disrespect”, and was only released after paying a fine and insisting that she had not meant to offend anyone with her tattoo.
Furthermore, just this past weekend, a British tourist with a similar image of Buddha on his arm was refused entry into the country, who also apparently spoke negatively towards an immigration official about the religion.
“If [the tourist] expressed such views after entering the country, it would have been a threat to his own safety,” said an official. Continue reading
By Alex Tangkilisan
Mar. 15 – In the fourth and final part of our ASEAN-India Free Trade Area analysis, we will examine trade trends and statistics from India to Thailand, Singapore and Malaysia.
Thailand, Singapore and Malaysia account for three of ASEAN’s six major economies known as the ASEAN six majors (the other three being Indonesia, the Philippines and Vietnam). Together, these three countries combine for a GDP of US$864.02 billion, a population of 101.6 million and exports to India amounting to US$23.5 billion (or, about 5 percent of India’s total imports). Continue reading