China in Asia Regional Round Up: Nov. 17

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Nov. 17 – Here is how China has been reported across the region over the past week.

India-China Relationship “Very Important to U.S.” – Obama speaks with Singh
A week after U.S. President-elect Barack Obama won the election, he made his first official phone call to Indian Prime Minister Manmohan Singh, firmly brushing aside speculation that India had been snubbed by America. (India Briefing)

Asia Surpasses U.S. as Most Attractive FDI Destination
Top executives of the world’s largest private equity firms met in Hong Kong last week and agreed that Asia has surpassed the United States to become the world’s most attractive place for investment. (2point6billion.com)

China’s Stimulus Package May Boost California and Japan
China’s stimulus package may help support sales of Japanese farm equipment, Brazilian iron ore and California machine tools, taking some of the edge off what might be the worst global recession in three decades. (Communist Tax Lawyer)

Luxury Brands Upbeat on Asia
Luxury Italian brand Versace expects Asia to overtake their U.S. market, reigning second place in terms of revenue and investment, after Europe. (2point6billion.com)

Vietnam’s Fast Food Industry Attracts Increasing Foreign Investment
Despite the global crisis, Vietnam remains a profitable investment for Western fast-food chains. Many Vietnamese are still willing to spend more on fast food restaurants even if it is around two to four times more expensive than the regular rice or noodle shop. (Vietnam Briefing)

India’s Economy To Remain Stable at 7% Growth
It might be that the international financial crisis has dented growth of the Indian economy, however the slump will be short lived. A Confederation of India Industry and PWC report as well as Standard & Poor’s long term ratings both point to stability and continued growth over the next few years. (India Briefing)