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March 03, 2008
 

Asia Insider

Keep up-to-date with the latest news from Asia


NEWS  THIS WEEK'S TOP ASIA STORIES

The Squeeze on PetroChina

With domestic production falling, it must buy costly oil abroad to sell at subsidized prices at home

Inside: This Week In Asia
PetroChina made headlines last fall when it listed its shares in Shanghai, achieving a market capitalization of just over $1 trillion--and displacing ExxonMobil as the most valuable company in the world. But these days the Chinese oil major is caught in a painful squeeze. Read this week's Asia Insider to learn why.

Also in this edition: Beijing's blueprint for political reform; Asia's world-class airports; and Nano lessons. Enjoy!


--Cristina Lindblad, Asia Editor

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  MORE ASIA NEWS
POLITICS
China's New Roadmap for Political Reform
Politburo member Li Yuanchao elaborates on "Intra-Party Democracy" in Part II of this exclusive interview on political reform in China

CORPORATION • From ZDNet Asia
Yahoo Sued by Chinese Dissidents Again
Several plaintiffs filed suit last week in a California federal court alleging that information provided by the Internet portal led to the 2003 arrest of Li Zhi, a dissident who has served half his eight-year sentence

CORPORATION • From ZDNet Asia
Jerry Yang Lobbies for Release of Chinese Dissidents
The Yahoo! CEO is asking U.S. officials for help in freeing Chinese political prisoners incarcerated after the Web portal provided information about their Yahoo accounts

DIPLOMACY
Gates Butters Up India for U.S. Guns
The Defense Secretary is helping to broker deals with stateside weapons manufacturers so the U.S. can supplant Russia as India's top arms source

ENTERTAINMENT
Taking on Hollywood's China Challenge
The head of the Motion Picture Association of America talks about China's quota on foreign films, movie piracy, and the spotlight the Olympics will bring

TRADE • From EUobserver
Brussels Split on Chinese Import Tariffs
With more cheap goods being imported from China, the EU is divided over imposing punitive taxes -- so-called 'dumping duties'

FINANCE • From FinanceAsia.com
China Railway Construction IPO On Track
The building and infrastructure company aims to raise as much as $5.3 billion from its dual A-share and H-share listing

POLICY AND ECONOMICS • From FinanceAsia.com
Hong Kong's Embarrassing Riches
The government's $14.8 billion budget surplus has some people questioning whether enough is being spent on health and social welfare

ASIAN INVESTOR • From Asian Investor
Japan Investment Approved for China Banks
The Chinese banking regulatory commission signs a deal to allow banks to invest in Japanese securities. Nikkei jumped nearly 600 points on the news

FINANCE • From FinanceAsia.com
Real Estate Funds Sell Tokyo Westin to Singapore's Government Fund
The sale by Starwood Capital and Morgan Stanley is the second big property transaction to close in Tokyo this month, but hopes of a market revival could be premature

REAL ESTATE • From FinanceAsia.com
India Real Estate: Price Correction Looms
Gaurav Dalmia, founder and chairman of real estate investor Landmark Holdings, talks about what impending lower property prices in India's larger cities will mean for the market.

INNOVATION ON THE EDGE
Learning from Tata's Nano
The breakthrough innovations of the $2,500 Nano can carry a lot of important lessons for Western executives

FINANCE • From Asian Investor
Taiwan to Award $1.5b in Pension Fund Mandates
Six managers are expected to be selected to each receive $250 million to invest in a global equities or fixed-income fund

KOREA
Lee Needs to do More for Korea's Upgrade
Korea's new president will have to lead a wholesale shift in business practices, including a willingness to tolerate job losses

DESIGN
The Seoul of World Design
The Korean capital, soon to host the Design Olympiad, is funding projects to promote style in Korean brands—and help keep growth on track

SPORTS BUSINESS
Asics Wants More Than Runner's High
Outpace Nike and Adidas? Maybe not, but the world's fourth-largest sportswear brand wants to stretch beyond its rep for performance shoes

TRAVEL
The World's Best Airports
South Korea's Incheon tops the list for the third year, Porto leads Europe, Dallas-Fort Worth wins first place stateside, and Ben Gurion is best in the Mideast

SLIDE SHOW
Which Countries Make Best Use of Tech?
A new study suggests that what matters isn't having the best tech infrastructure, but how well a country makes use of it

POLICY
Getting the Most from Tech Investment
A study by Nokia Siemens Networks shows that countries with extensive tech infrastructures aren't taking full advantage for economic growth

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BLOGEye on Asia >>

openquote

The longer the pesticide story is in the news, the more China's exporters will suffer. Arguing the toss with Japan can only prolong concern among Japanese customers, many of whom wonder how the pesticide, which isn't used in Japan, found its way into the poisoned dumplings. closequote


--Ian Rowley
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