Sunday, April 23, 2017

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




About 2point6billion.com

2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.



Culture & History

For a Liberal India, Liberate Education

Education is the most in-demand commodity amongst both the rich and the poor in India. Yet, the state is unable to ride this wave to create a more liberal society. If education is the gateway to taking India’s liberal agenda forward, then educational institutions must be free to pursue their own paths

By Rama Bijapurkar

Aug. 19 – India has the lion’s share of the world’s young people, and that makes it a key custodian of the values of the world of the future. It has chosen the path of knowledge and ideas and liberalism, rather than military might or economic brute force to get there.

Yet, the very cradle of its chosen path – the education system – is highly state-controlled. Its affirmative action is based on quotas for caste and community, both of which are labels that tend to stick to the person for the rest of his life – ironic because the very purpose of quotas in education is to enable a person to move beyond the circumstances of birth. Its education “licensing” policy is such that it tends to attract “bad capital.” Continue reading

Posted in Business, Culture & History | Tagged , | Comments Off on For a Liberal India, Liberate Education

India’s 21st Century Challenge: Scientific Education

Economists agree that a country with a knowledge-based economy will take global leadership in the future. However, will India participate in the global competition and be a serious contender?

By Kathan Shukla

Jun. 17 – The Indian economy, amid a global slowdown, is likely to grow by about 6% in 2013-14. However, if India wants to become a developed nation, it has to pursue scientific research.

Take the iPod for example, a product developed by Apple, an American company, but manufactured in China. The manufacturer in China receives about $4 out of the sales price of $299. The other $295 goes to component suppliers and product developers in the United States.

The country that holds patent-rights and develops global brands benefits most. If India wants to become a developed nation and compete with China and the United States, it must develop global brands. The first step in this direction is scientific research. Continue reading

Posted in Culture & History, Science & Technology | Tagged , | 1 Comment

Women Entrepreneurship in China: Past, Present, and Future

China’s female entrepreneurs face a legacy of liberalizing economic policies and of traditional social conventions as they shape their role in present and future Chinese society.

By the SIMO University of St.Gallen (HSG)

Apr. 4 – As with most Asian cultures, the role of women has been historically underestimated, and China is no exception. If you look at the country before the 20th century, you will probably bump into traditional ladies, who have their feet tightly bound, who are taking care of the kids at home, and who only show up to serve a cup of tea.

Women in China attained equal rights at a very late stage. For thousands of years they had endured gender discrimination plus hardly any economic power. Women were regarded as accessories of their male ‘guardians’, namely their father and husband before and after marriage respectively, and of their son after their husband had died, known as ‘the three obediences’. Continue reading

Posted in Business, Culture & History, Featured | Tagged , , | Comments Off on Women Entrepreneurship in China: Past, Present, and Future

Time to Understand Time in China

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

Posted in Business, Culture & History | Tagged , , | Comments Off on Time to Understand Time in China

Crackdown on Buddha Tattoos in Asia


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

Posted in Culture & History | Tagged , | Comments Off on Crackdown on Buddha Tattoos in Asia

The Language of Success in China

Op-ed Commentary: Dr. David A. Owen

Mar. 5 – How diverse is China? At first glance from afar, it would seem not that diverse. After all, neighboring countries like Japan, North Korea and South Korea seem to be rather homogeneous. However, a closer look internally tells us a different story: China is, in fact, quite diverse.

As a matter of fact, China may actually be one of the most diverse countries on the planet. While the Han majority is just over 90 percent of the total population, China has 55 minority groups—that is, well over 110 million people—with distinct cultural norms and language.

Actually, the percentage of the minority population is highly underestimated as the Han majority is defined by assimilation through the adoption of Han surnames and customs, not ethnicity. This results in major surveys capturing ethnic minorities in the Han majority category. Assimilation programs and flawed survey methodologies that fail to capture ethnicity truly complicate efforts to gain an accurate account of diversity in China.

Diversity is therefore a rather complex issue in China. Continue reading

Posted in Culture & History | Tagged , , | 1 Comment

Understanding the Norm of Reciprocity: Avoiding Imminent Failure in China

Op-ed Commentary: Dr. David A. Owen

Feb. 28 – How important is the norm of reciprocity in China? The simple answer is extremely important.

The norm of reciprocity—the act of reciprocating a favorable act or returning a benefit for a benefit—is a social norm. In China, the norm of reciprocity—known as guanxi (关系)—is quite pervasive, with roots grounded deep in collectivism.

Collective societies such as China tend to place a higher value on relationships and relationship-building, harmony and a sense of duty. This is quite different from individualist societies, such as the United States (U.S.), that tend to place a higher value on individual rights and privacy, as well as other traits such as individual heroism. The end result is that the norm of reciprocity is more ingrained in the very fabric of Chinese society, which is not necessarily the case in the U.S. Continue reading

Posted in Business, Culture & History, Featured | Tagged , , | Comments Off on Understanding the Norm of Reciprocity: Avoiding Imminent Failure in China


2point6billion.com provides news, commentary and analysis on business, culture and politics throughout China and India. The stories are contributed by the business experts at Dezan Shira & Associates, who have offices throughout south east Asia.




Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF