Around Asia: May 6

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May 6 – A weekly look at important regional news.

India Empowers 700 million People, China Looks On
One of the fundamental differences between India and China is the democratic process of government. It’s a curious subject to delve into: Indian politicians look on with envious eyes at China’s one party state and their ability to push through legislation they need with relative ease, while the Chinese look upon India’s democratic process with amusement and assume it contributes to the often chaotic nature of running the nation. (

Asian Nations Unite to Create Emergency Fund
A coalition of Asian nations consisting of China, Japan, South Korea, and the Association of Southeast Asian Nations (ASEAN) have agreed to set up a US$160 billion emergency liquidity fund to help combat the global financial crisis. (Communist Tax Lawyer)

India May Implement Anti-Dumping Duty for Auto Parts
India may implement a provisional anti-dumping duty for imports of front axle beam and steering knuckles used to manufacture commercial vehicles as a precaution for the local industry against cheaper Chinese shipments entering the country. (India Briefing)

Stocks Surge in Shanghai and Mumbai as Investors Turning Bullish
Asia shares surged last week as higher industrial output in Japan and an upbeat Wall Street session buoyed investors. The stock markets in Asia have been steadily growing from their low points late last year, and the benchmark indexes in Shanghai and Mumbai, the centers of the two biggest emerging economies in Asia, have both seen their indexes grow at double-digit rates over the past four months. (

Japan’s Prime Minister Visits Beijing
Japanese Prime Minister Taro Aso arrived in China yesterday with the hope of improving relations between the two countries which have been strained for quite some time. (Communist Tax Lawyer)

Vietnam Cracking Down on Illegal Employment of Foreigners
Next month, Vietnam’s Ministry of Labor – Invalids and Social Affairs will arrange nationwide inspections of companies employing foreigners in an attempt to root out those working illegally. (Vietnam Briefing)

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