In the face of a weakening dollar and rising inflation China and India are amassing gold reserves as security against future volatility. While China openly declared that it bought five times its 2009 quantity during the first 10 months of 2010 to 462 tonnes, India...
Low manufacturing and R&D costs, coupled with government incentives for generic drugs (off-patent) as against higher priced branded drugs in India and China is expected to force most pharmaceutical companies to shift their focus to manufacturing in these two...
Asian currencies, oil, gold and stock markets all rose on positive manufacturing numbers from Asia and America yesterday. Signaling a bouncing back of the economy of sorts, the splurge in holiday shopping, and lower unemployment numbers, raised China’s PMI to...
The beginning of December, the last month of accounting year 2010 always marks financial consolidation in China – furtive spending by Chinese provincial governments eager to dispense their budgets before the year end and tax collection by the central government....
As Asia’s outsourcing industry matures, India is feeling threatened by raising outsourcing revenues in China. Smaller budgets, a lower currency and dwindling margins of western corporates has raked up several comparisons between the outsourcing industries in...
Suzlon, India’s largest wind energy company is planning to set up offshore wind projects in China within the next three years. “The current target plan is to start in 2013,” Tulsi Tanti, Chairman Suzlon told Bloomberg in a phone interview. The Ahmedabad-based...
