www.icec-council.org

Vol 1, Issue 3, July 2012

Editor-in-ChiEfMohammed Saqib

EditorPrashun Bhaumik

Editorial BoardAbid Hussain

Mani Shankar AiyarP.S. DeodharDilip Cherian

Amir Ullah KhanParama Sinha Palit

Chen Si (China)

Editorial tEamAnchit GoelIrfan AlamManju Hara

Sumelika BhattacharyyaShawahiq Siddiqui

dEsignManoj Raikwar

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Dragon AscendantEither space voyages don’t make news anymore or is it that China is not

able to catch the necessary eyeballs. China may be still far from catching up with the US and Russia, but Shenzou IX in June this year marked the country’s fourth manned space mission since 2003. It also carried the first Chinese woman Liu Yang into space along with two other astronauts. They spent 13 historic days in space which made their country only the third nation ever to dock a manned spacecraft to another craft in orbit. Yet there seemed to be little song and dance about the achievement at a time when the US has held back its manned space launches even retiring its space shuttles. In fact these days the US depends on Russia to fly its astronauts. No wonder the silence. Two days after the Shenzou touchdown, a Russian Soyuz landed on the Kazakh Steppes with one Russian, one American and one European on board.

Another quiet story from China is its multibillion-dollar success story which began when a former soldier founded a company in the 1980s to sell imported phone switches. As sales rose, Huawei Technologies Co. invested to develop its own products, a radical step for a private company in the first decade of China’s reforms to open its economy. But it paid off. Today, Huawei has grown into a major equipment supplier to phone carriers across Asia, Europe and Africa, with $28 billion in sales last year and 110,000 employees.

Strangely the public has barely heard of this giant and yet it is ready to become a consumer and business brand, moving into markets dominated by Apple Inc. and Cisco Systems Inc. It is marketing its own mobile phones and tablet computer and is expanding in the United States, backed by a global network of 20 research and development labs.

Huawei is a leader of an emerging group of Chinese companies that are creating brand-name technology in fields from telecoms to clean energy to medical equipment and starting to compete with Western industry leaders.

Chinese companies are climbing the technology ladder faster than Japan and South Korea did in past decades. In 10 to 15 years, China could be where South Korea is now, as far as having a number of global champions. Rising Chinese competition could hamper hopes by the United States and other Western governments to spur growth and create jobs by boosting high-tech exports.

Beijing urgently wants to nurture more such innovators to reduce reliance on foreign technology and create higher-paying jobs. It has promised grants, tax breaks and other support to promote “strategic industries,” including clean energy, environmental and information technology, biotech and high-end manufacturing.

But business groups complain that Beijing’s efforts to nurture local suppliers by favoring them, violates the spirit of its free-trade commitments. While advanced industrial countries are still struggling with the structural consequences of China’s entry into the world market, the country has embarked on a far more ambitious trajectory aiming for technological leadership.

The rapid development sends a clear signal that China is striving to be more than the world’s biggest socks and buttons producer. China, where gun powder, the compas and paper were invented, is steadily moving up the production chain, claiming a growing market share of global high value-added products and preparing to reclaim its past technological supremacy.

The information contained in this magazine has been reviewed for

accuracy and is deemed reliable but is not necessarily complete or

guaranteed by the Editor. The views expressed in this digest are solely that of the writers and do not necessarily

reflect the views of the magazine.

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OBJECTIVE: China and India are sustaining a fairly remarkable growth rate in development. Experts believe these two countries have the potential to play a leadership role in the economic and development issues not only in the Asian region but globally. Given China’s dominant position in the manufacturing sector and India’s in the information technology sector, there are significant opportunities for collaboration between the two countries. We believe education is one such area where China and India can and must collaborate to nurture talent and build human resources in their respective countries. Any initiative in this regard would be beneficial for the growth of both nations.

With this perspective, the India China Economic and Cultural Council (ICEC) is organizing a round table discussion on “Management Studies & Areas of Possible Cooperation between India & China” during the 2012 Education Forum for Asia Annual Conference, which will be held from September 21-23, 2012 in Chengdu city of China. This conference is being hosted by Boao Forum for Asia, UNESCO and the Government of Sichuan Province.

The roundtable discussion will be attended by policy makers from the field of education, academicians, representatives of educational institutions and business leaders from both China and India.

The event will be a great platform to brainstorm and discuss necessary policy actions required to foster educational collaborations between the two countries, especially in management studies, including liberal studies. It will also provide an excellent opportunity for the Indian management institutes to connect and share knowledge with their counterparts in other Asian countries as well as seek opportunities for long term educational collaboration.

UNIQUE OPPORTUNITY5 REASONS TO NOT MISS EDUCATION FORUM FOR ASIA 2012 • EXCLUSIVE participation in roundtable discussion on “Management Studies and Opportunities for Collaboration between India and

China in Education Sector”• NETWORKING with top universities, academicians and policy makers from China and other Asian countries• LEARNING opportunity by attending various thought provoking concurrent sessions and talks on several aspects of education sector • CHINA EXPOSURE through networking, learning and local travel, cultural events and face-to-face interactions with the Chinese• GREAT 3-IN-1 DEAL which includes local hospitality, conference registration fees and annual benefits of ICEC membership

PARTICIPATION FEE: FREE – For ICEC Member Institutions USD 500 – For NON-ICEC Member Institutions(Participation fee will cover Registration Charges, Accommodation (3 Nights), Chinese Meals, Local Transportation, Sightseeing etc.)

*All delegates have to bear the cost of international air travel and visa

If you are interested to be part of this event as a participant, speaker or networker, please contact:

On“Management Studies & Areas of Possible Cooperation

between India & China”September 22, 2012

Chengdu City, Sichuan Province, P. R. China

Round Table Discussion

Mr. Irfan Alam (Member Secretary)India China Economic and Cultural CouncilTelefax: +91-11-46550348Email: irfan@icec-council.orginfo@icec-council.org

Mr. Jagat Shah (Chairman – Gujarat Chapter) India China Economic and Cultural CouncilTel : +91-79-40324827, 40324928Fax: +91-79-40321620 Email: icecahmd@icec-council.orgicecahmd@hotmail.com

Mr. Dushyanth DamodaranAssociate Director – Beijing OfficeTel: 0086-10-52866697, 57038585Email: dushyanth.damodaran@icec-council.org