Around Asia: Jul. 1

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Jul. 1 – A weekly look at important regional news.

China and India to Set Up Direct Hotline
India and China are in talks to set up a direct hotline as early as next month. The hotline would connect Indian Prime Minister Manmohan Singh to Chinese Prime Minister Wen Jiabao, allowing the two to conduct direct diplomacy. Similar hotlines already exist between Beijing and Washington and Washington and Moscow. (2point6billion.com)

FDI Drops by 77 Percent for First Half of the Year
According to a Vietnamese foreign investment official, foreign direct investment (FDI) in the country plunged by 77.4 percent to US$8.87 billion for the first 6 months of the year. (Vietnam Briefing)

FDI Cap on Radio, TV to be Raised
The Indian government is contemplating raising the foreign direct investment (FDI) cap on FM radio broadcasters and direct-to-home TV service providers. (India Briefing)

India Road Infrastructure to Develop Tenfold, Foreign Investment Welcome
Kamal Nath, the recently appointed as minister of road transport and highways, has publicly acknowledged that India’s roads are a mess says that opening up the sector for massive investment and infrastructure spending as a key area for development. (India Briefing)

Xinhua to Launch English News Program in Europe
China’s state-owned news agency, Xinhua, will soon launch a trial run of its news program in English to be broadcast in supermarkets and outside Chinese embassies in Europe. (2point6billion.com)

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