Are global financial institutions proving to be defunked in the face of inflation and a global food crisis, and is it up to Asia as the emerging center of world power to take the lead in finding solutions? Business leaders who met at the annual World Economic Forum on East Asia, a high-profile gathering of business and government leaders, in Kuala Lumpur earlier this week seem to think so.
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India China trade seems to me to be soaring like a kite tied to the ground.

While both countries celebrate having achieved a trade target of US$40billion set for 2010 in 2008, there are still only 120 companies of Indian origin registered wth the Indian embassy in Beijing, and even fewer companies of Chinese origin registered with the Chinese embassy in New Delhi.
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