China in Asia: Jan. 15

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Jan. 15 – Here is how China has been reported across the region over the past week.

Asia’s Economic Freedoms Need to Improve
Hong Kong boasts of an impressive record of global trade and investment and has topped the Index of Economic Freedom for the 15th year in a row. The report is created by the Wall Street Journal and the Heritage Foundation, a conservative think tank. Amongst Asian nations, Singapore, Japan, Macau, Taiwan, South Korea, Malaysia, Thailand and Mongolia were rated amongst the free to moderately free category. Meanwhile, Bhutan, Pakistan, the Philippines, Cambodia, Sri Lanka, India, Indonesia, China, Nepal, Vietnam, Laos, Bangladesh and Burma were ranked amongst the repressed. (2point6billion.com)

Chinese Officials Gamble, and Their Luck Runs Out
An increasing number of Communist Party bosses and government officials, government prosecutors say, pillaged state funds, company accounts and municipal treasuries to try their luck in Macau, according to the New York Times. Many of the biggest losers have been sent to prison and at least 15 have been executed. (Communist Tax Lawyer)

China, Vietnam Hold Border Talks
The members of the Vietnam-China joint working held the fifth round of talks on the demarcation of waters off the Gulf of Bac Bo (Tonkin) in Hanoi. Both sides agreed that discussions should focus on a joint survey to support the demarcation scheme and promote mutual development for the waters. The disputed area covers an area of 126,250 kilometers. (Vietnam Briefing)

HSBC: Asian Economies to GrowaAt 5.5% for 2009
Export dependent Asian countries will suffer the brunt of the global slowdown, and are expected to grow at 5.5 percent this year, down from an average of seven percent growth seen in 2008, according to Robert Prior-Wandesforde, senior Asian economist of HSBC. (2point6billion.com)

India Invites in Overseas Professionals
Indian Prime Minister Manmohan Singh took another step towards preventing the country from sinking further into an economic crisis. After cutting interest rates and increasing FDI limits into the country, the government announced that it was wooing back overseas professionals to work in the country. (India Briefing)

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