China in Asia Regional Round Up: Dec. 16

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Dec. 16 – Here is how China has been reported across the region over the past week.

Asia Remains Top Global Outsourcing Destination
As companies begin to downsize and trim the fat globally, they are looking at outsourcing many operations to lower cost destinations. India and China continue to remain top destinations for companies looking at cutting costs while Vietnam and Thailand have also aggressively captured a larger share of the world outsourcing pie.(

ASEAN Launches New Charter Bloc
Southeast Asian foreign ministers met Monday to implement a charter setting up a bloc of half a billion people, in hopes of developing a European Union-style community that may be hampered by the global economic crisis.(Communist Tax Lawyer)

ADB: Asia Will Grow at 5.8 Percent in 2009
Even as the Asian Development bank dims its Asia GDP growth forecast for 2009, from 7.2 percent to 5.8 percent, Central bankers from East Asia – China, Japan and South Korea have decided to meet this weekend to discuss regional economic and financial issues.(

Vietnam to Announce US$6 Billion Stimulus Plan
Vietnam is set to announce a US$6 billion economic stimulus package later this month, says Deputy Prime Minister Nguyen Sinh Hung.(Vietnam Briefing)

WB Grants India US$14 Billion to Withstand Economic Crisis
Owning to the capital markets drying up, a lack of long term financing ability and an expected rise in banks non-performing assets, the World Bank has decided to lend India’s state-run banks US$14 billion over three years.(India Briefing)

After Stalling, N. Korea Nuclear Talks Collapse
Nuclear talks collapsed on Thursday, postponing a new round of talks until after President-elect Barack Obama is sworn into office. (Communist Tax Lawyer)

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