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July, 2016

  • cnfdi

    ~By Charmaine Mirza

    Chinese investment in India’s real estate sector increased six-fold in 2015, topping out at approx. US$870 million. The door is still wide open. The Indian government’s decision to allow 100 percent Foreign Direct Investment into the real estate sector has lead to a spike in interest from Chinese investors.

    Haryana has certainly jumped on the bandwagon. Dalian Wanda’s MoU with the Haryana State government to develop the Wanda Industrial New City that spreads over 100 kilometers, has flagged off a trickle of investment from China into India that could turn into a steady stream.

    China Fortune Land Development is also sizing up large-scale industrial park projects in Haryana, while Gezhouba, another real estate player from the mainland, is eyeing an investment in Telengana. Not to be left far behind, Madhya Pradesh is also seeking Chinese help to develop large scale industrial projects, while in the private sector, financing major China Fosun International, is considering investing in Locon Solutions, the owner of housing finance start up, Housing.com.

    So why is there such a sudden gold rush from China into India’s real estate segment?

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  • rio-2016The upcoming Rio Olympics, to be held from from August 5 to 21 will see an exceptional array of Indian and Chinese athletes that will demonstrate both nations growing emphasis on sport. While China will outshine India in taking home more medals, the increase in India’s delegation from 84 to 120 athletes, will hopefully bode her better than previous years.

    For nations that prioritise academics over athletics, China and India have not only increased the number of delegates representing their country, but have also widened the events they are participating in. This shows that both nations are emphasizing on developing sport – a sign of a nations growth as she rises above basic developing nation issues of education, sanitation and housing. While neither nation is completely above any of these problems, the ability to simultaneously focus on sport signals both China and India are moving towards a more developed, well rounded and balanced society and economy.

    The Chinese delegation includes 416 athletes, more than 3 times the Indian delegation of 120 delegates. In their 10th appearance at the Summer Olympics since China’s debut in 1952,  160 Chinese men and 256 Chinese women, who will compete in 210 events across 26 sports. China is expected to excel in Badminton, Basketball, Table Tennis, Diving, Swimming, Weightlifting, Shoooting and Gymnastics. China won the second largest number of medals at the 2012 London Olympics after the United States, 88 medals in total – 38 gold, 29 silver, and 21 bronze.

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  • ukchina

    ~ by Charmaine Mirza

    The United Kingdom’s Brexit vote to leave the European Union has hard-hitting implications on both China and India. While the true impact will be felt only in the years to come, Inchin Closer peers into the future to see what lies ahead for the diamond and ruby of the British Empire.

    CURRENCY CRUNCH: The Reserve Bank of India feels that the INR is adequately buffered against the GBP. London is the second largest RMB trading hub after Hong Kong. If global banks exit London, Beijing may have to scramble for a new base.

    In the long run, a depreciated pound could prove beneficial to savvy investors from both countries, who will swoop in to take advantage of the devaluation.

    INBOUND INVESTMENT: Thus far, both Indian and Chinese companies used the UK as a convenient conduit for unshackled access to the European markets, to circumvent the EU’s protectionist view on global trade. If the UK can no longer serve this purpose, it will certainly impact inbound investment from China and India into the UK.

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