China in Asia Regional Round Up

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Nov. 10 – This new weekly series looks at China and how it has been reported across the region over the past week.

India Fears Chinese Goods Invasion
With bilateral trade between India and China escalating beyond the 2010 target of US$40 billion this year, amidst the global crisis, senior officials in the Indian commerce department are worried that excess stocks of mass produced Chinese goods, might wash up on Indian shores. (2point6billion.com)

China’s FAW Interested In Manufacturing Cars in India
Even as the dust settles on what would have been the Tata Nano plant in Singur, the West Bengal government reportedly offered the land to First Automobile Works Limited (FAW), a Chinese automobile manufacturer. (India Briefing)

China and India Agree to Work Together Over Global Financial Crisis
Indian Prime Minister Manmohan Singh said during an interview that India and China have agreed to work together to deal with the financial crisis, reports the Indian Express. Mr. Singh was recently in Beijing to attend the Asia-Europe (ASEM) Summit. (India Briefing)

Cambodia and Vietnam Sign Agreement for Chinese-Funded Mekong Rail Network
Cambodia and Vietnam have agreed to a deal that would connect the railways from Phnom Penh to Vietnam at a cost of more than US$500 million. “China has promised to build the railroad from Phnom Penh to Vietnam as part of the project to create a link from Singapore to Kunming in China” (Vietnam Briefing)

China and Russia in Talks Over 20 year, US$30 Billion Oil Supply Deal
China plans to grant an immediate loan to Russian oil companies in return for guaranteed exports to the country for the next twenty years. The amounts are expected to be in the region of an immediate US$20-30 billion loan, with supplies worth two billion barrels a year going to China for the next two decades. (2point6billion.com)