Is China unbalancing the world economies?
– China is again growing at 8% and is bound to overtake Japan as the second largest economy in the world. Critics now say that this growth is at the expense of the rest of the world especially with regards to the Yuan policies. Economist economist Herbert Stein goes even further criticing that this growth is not sustainable: ” too much investment, too much saving, too little consumption”. NY Times India – JPMorgan to Grow Indian Investment Banking Unit. Bloomberg Indian-South Korean freetrade agreement – India and South Korea are moving closer by increasing economic ties and entering a free trade agreement. JoongAng Daily, Businessweek Japan – Uncertainty about US Army Bases in Japan after new Japanese government has taken power and Obama heading to Japan. WSJ Reuters Mekong Delta – The last frontier of the Asian Emerging Markets is gaining increasing attention especially now as Japan makes more economic ties. Channel News Asia, Reuters Asia most affected by climate change – The APEC s
