Killer typhoons in Taiwan and on mainland China. A failed monsoon in India. The UN secretary general in the Arctic pleading for action on climate change as politicians bickerover the costs. By Asia Business Council Executive Director Mark L. Clifford.
China, like much of the world, is breathing a sigh of relief that economic disaster has been averted. Better-than-expected macro-economic data are driving growing optimism. But government officials and businessmen should not delude themselves: going back to pre-crisis ways would be a serious mistake. By Asia Business Council Chairman Qin Xiao.
A survey by the Asia Business Council has found that its members–who are the chairmen and chief executives of leading Asian companies or multinational corporations – are significantly more optimistic about the economy.