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Chinese and Indian enterprises have been increasingly involved in international business thereby attracting global attention since the turn of the 21st century. This article examines outbound investment experiences of Chinese and Indian multinationals and compares and contrasts the investment development trajectory for both the countries. The comparisons and contrasts are made with respect to government policy, motivations for outbound investment, financing of investment, success rate in overseas acquisition, sectoral composition, characteristics of multinational enterprises (MNEs), and the challenges and impact of such investments in the light of differences in economic and institutional parameters between the two countries. It can be observed that there are more differences than similarities in the trajectory of outbound investments by Chinese and Indian enterprises. These differences arise due to the economic and institutional structure and the development path chosen by the two countries. Due to the differences between Chinese and Indian economic development trajectories, which are unique in many ways, it is not meaningful to make a straightforward comparison of outbound foreign direct investment (FDI) experience of the two countries. Nevertheless, the main differences with regard to outward investment by Indian and Chinese enterprises can be observed in areas such as the degree of involvement of the public sector enterprises, financing of overseas investments, success rate of proposed mergers and acquisitions (M&A), sectoral composition of such investments, investment motives, and so on. Various challenges facing outward FDI from China and India are highlighted, some of which could be addressed by specific economic and institutional reforms. The tale of the two countries examined in this article taken together contains important insights for emerging country enterprises and governments on the challenges and opportunities of global business.

An interview of the Dalai Lama in September 2014 sparked massive debate on the issue of his reincarnation that lasted many months. Much of the discussion overlooked the need to verify sources and relied on mere summaries of the said interview. The 'incomplete' media reports, have, among other things, had a very noticeable impact on the already fragile Sino-Tibetan relations. Particularly interesting are the reactions by Chinese officials and media. The first part of this commentary deals with this aspect followed by an attempt to decode the message underlying the Dalai Lama's purported statements on his reincarnation. Instead of relying on mere summaries of interviews, this analysis takes up the full interviews available in video and transcribed format and identifies the sources of the concerns on both sides of the Sino-Tibetan divide.

Between the Lines: Indian Media's China War is a quantitative and qualitative content analysis of the China coverage in India's English-language press. The study identifies different kinds of adversarial and non-adversarial frames used in reporting China and classifies them according to their frequency of appearance. It examines the rhetoric and logic employed to activate the most common frames and puts them in the perspective of the politico-cultural predispositions that shape China-related news in India. Reviewing the content of two of India's biggest selling newspapers, The Times of India (TOI) and the Hindustan Times (HT), in a 6-month period to determine the numerical spread of these frames, the study finds a generally conflictual tone of China coverage, with the dominant frames portraying China as a rival power inimical to India's interests that needs to be resisted. With the Indian media as an example, this study offers a glimpse of China's soft power deficit in a region where it is seeking to cement its leadership.

Most countries are grappling with the rising income inequality problem and many governments believe that it is important to reduce income inequality. This is because income inequality is associated with a variety of 'negative' outcomes (e.g., protest and low citizen well-being). This seemingly common-sense argument hinges on an untested assumption: Changes in a country's level of income inequality affect how its citizens perceive and evaluate income inequality. This article argues that this is not theoretically plausible and shows with evidence from China and Japan from 1995 to 2007, that the income inequality of the context a person is embedded in does not systematically affect his or her perception and evaluation of income inequality. Instead, it is the individual socio-psychological factors that affect individual subjective evaluation of income inequality. Thus, while government officials in China and Japan are quick to implement policies that lower the objective dimensions of income inequality, more efforts should focus on subjective income inequality. Simply using the metric of objective income inequality indices (e.g., Gini ratio) as a measure of policy impact may blindside policy makers to the more important subjective income inequality, that is, how people perceive and evaluate everyday income inequality.

This article examines the initiatives taken by the government of the People's Republic of China towards ensuring government information transparency. The Open Government Information Regulations (OGI) which was adopted in 2007 is a landmark in the transparency reforms process in China. The analysis of this initiative and further reforms becomes vital as China has witnessed newly emerged emphasis on anti-corruption campaign and rule of law. Though these regulations were adopted in 2007 at national level, many reforms have been introduced in these regulations in terms of annual guidelines from time to time. This article analyses the origin and development of OGI; the scope of these regulations; the legal, political and structural problems obstructing the successful implementation of these regulations; and further reforms towards making China more open and transparent. This work also provides a comparative analysis of information disclosure initiatives in China and India.