Indian, Chinese officials hail economic ties at Beijing forum

Indian, Chinese officials hail economic ties at Beijing forum
Beijing, 8 September: "India-China economic and trade cooperation is diversifying as more Indian companies enter China's manufacturing, service and finance sectors," said the president of Confederation of Indian Industry, R. Seshasayee, on Friday [8 September] at the ongoing Made in India forum in Beijing.Seshasayee also said India would further develop its software industry and increase exports to overseas markets, including China.Chairman of China
Labor in China
According to recent front-page articles in the New York Times and the Financial Times Asia edition, wages have been steadily rising during the last several years throughout southern China, where the world's largest manufacturing base is located. Citing "double-digit" increases in Chinese labor costs, executives of the Li & Fung group, a $7 billion Hong Kong-based trade-sourcing company, told the Financial Times last month that the competitiveness...
TO HELPING HARD-HIT SECTOR
Some of the state's manufacturers, who usually support smaller government, are pressing Gov. Tim Pawlenty to create a new job in his administration: a state official to help their troubled sector.The idea, which echoes President Bush's proposal to create a new undersecretary of commerce for manufacturing, was one of several that manufacturing executives put forth in three invitation-only roundtables the governor held Thursday around the state. In Maplewood,...


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