Tuesday, December 4, 2007


"I don't see any threat of economic slowdown in India, in the near or medium term. The Indian market has scaled, and it also has a pool of management talent, and lots of capital is available."

Christian Murck, CEO of APCO Worldwide's Asia region

December 4, over phone

Broad consensus on policy direction is key


Murali said...

About Chris and his co...

Christian Murck, CEO of APCO Worldwide's Asia region and former chairman of the American Chamber of Commerce in China, brings to clients expertise from a long and distinguished career in financial services, public affairs and academia. At APCO Mr. Murck has focused on financial services, corporate advisory and intellectual property rights. His experience in Asia spans a quarter of a century.

Since joining APCO in 2001, Mr. Murck has served two years as a director of the Bank of Shanghai, having been nominated to the Board by the International Finance Corporation. Mr. Murck joined APCO after five years in Beijing as managing director and senior country officer of the Chase Manhattan Bank. Prior to this he was based in Taipei, where he ran Chase and its predecessor institution's Taiwan operations from 1991 to 1996. He was also chairman of the American Chamber of Commerce for 1995 and 1996. From 1980 to 1991, he worked in the international division of Manufacturers Hanover Trust Company in New York, with responsibility for various countries in the Asia Pacific region, including Japan, Hong Kong and Australia.

Mr. Murck graduated from Yale and then taught for two years at the Chinese University of Hong Kong. He subsequently took a doctorate in East Asian Studies at Princeton and was a Mellon Fellow at Columbia University before becoming a banker. During his doctoral research, he spent two years as a research fellow at the University of Kyoto in Japan. He is a current trustee and former chairman of the Yale-China Association. Mr. Murck speaks and reads Chinese.

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Murali said...

A few questions for an e-mail interview...
0) First, do you see a slowdown in the Indian economy?
1) Between India and China, how do you see the growth shaping up? Is there a likelihood of India overtaking China?
2) On China, again, a few additional questions: What do you think are the major problems? Are currency and repatriation issues to contend with? Do we have the data on repatriation from China? Do the Chinese make good JV partners? Are there lessons that Indian business can learn from China, and vice versa?
3) Investors have been bullish about India. What, according to you, are the major factors that attract investors? At the same time, we see Indian businesses setting up units in other countries... your view.
4) What policy changes (law and tax) are required in India to make the country more attractive as an investment destination?
5) On your work for governments and government bodies, across the world. (e.g. HK, Gujarat) Is it a good idea for governments to use their swelling forex reserves for investing abroad?
6) As emerging economies, are China and India falling into the same traps that the developed world fell into - (e.g. traffic congestion, uncontrolled auto expansion...)
7) Any other points of interest.