Despite the economic slowdown, China’s economy boomed beyond expectations in 2009 – GDP grew 8.7 percent to US$4.9 trillion against Beijing’s forecast of 8 percent, and a tad slower than 2008 which clocked a growth of 9.7 percent. China is now on...
The Indian government plans to amend the Companies Act this budget session to enable aligning Indian accounting standards with the International Financial Reporting Standards (IFRS). New Delhi hopes to migrate to an internationally accepted accounting standard by...
China like India cannot be surmised in one sweeping view. Rather, each of the 31 provinces that make up the middle kingdom varies with respect to laws, taxes, governments, cultures and GDP growth rates. Best viewed as separate countries, it is important for...
If you plan to enter China, but are unsure of the business potential and do not want to invest considerable capital but would rather spend the first few months understanding / scoping out the investment landscape in your industry Representative Offices will be your...
Planes haven’t yet replaced trains, at least not in the East. Less than two years after China’s first high-speed train from Beijing to Tianjin rolled out of the platform, top officials in Beijing are busy drafting a global rail network of high-speed trains...
The State bank of India, the country’s largest bank, has been given permission by the People’s Bank of China, China’s apex bank to lend in yuan, the local currency from March 15, 2010. The State Bank of India which set up operations in China about 10 years ago,...
