China in Asia: Feb. 10

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Feb. 10 – Here is how China has been reported across the region over the past week.

China Overtakes U.S. in January Car Sales
Boon or bane? China has overtaken the United States in terms of car sales when the country snapped up 790,000 vehicles last January compared to the United State’s 656,976. (Communist Tax Lawyer)

Hillary Clinton Makes Asia a Priority
In less than a week from today, Secretary of State Hillary Clinton will begin her first tour to Asia to strengthen international relations, discuss measures to curb greenhouse gasses, ways to wedge the world out of the financial crisis and solve the North Korean Nuclear deadlock. (2point6billion)

Foreign Companies Jostle for India’s Arms Business
The global economic crisis doesn’t seem to have dented the Indian arms business. With a budget of well over US$30 billion for importing weapon systems and platforms over the next four-five years, global arms manufacturers are jostling for space of the Indian arms pie. (India Briefing)

China to Go on European Spending Spree
China has often tried to use high-profile purchases of overseas goods as a diplomatic tactic to overcome political opposition, especially in its dealings with the US. Chinese companies had already signed contracts totaling US$15 billion during Wen Jiabao’s trip to Europe. (Communist Tax Lawyer)

Chinese Are Spending More Money Overseas
All over the world, Chinese companies are sending home fewer of the billions of dollars they earn from exports, parking them in overseas bank and brokerage accounts instead reports the New York Times. And in Hong Kong, wealthy mainlanders are turning up at jewelry stores in growing numbers seeking diamonds, big ones…(Communist Tax Lawyer)

India Expresses Concern over Trade Protection
Indian minister of commerce and industry Kamal Nath, who led the Indian delegation at the World Economic Forum last week in Davos, expressed deep concern over countries adopting protectionist policies. He warned against barriers in outsourcing and trade of services and goods, fearing that trade restrictive activities from richer nations could drastically harm developing nations. (India Briefing)

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