Word: china
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...these hurdles are steadily being overcome. Since opening its first emerging-markets operations centers in China and Uruguay in 2002, TCS's annual revenues from Latin America, the Middle East and the Asia-Pacific region have surged from $160 million to $1.2 billion, or about 20% of total sales. "The investments we've made in emerging markets have all reached a critical size," says TCS's Chandrasekaran. TCS discovered that its expansion has opened up new opportunities to lure business from international clients. After struggling to convince Spanish companies to outsource to India, TCS found them much more comfortable outsourcing...
...India's IT giants are charging forward as quickly as they can. TCS is adding some 1,000 people a year in Latin America, where it now employs about 7,200, while in China it intends to nearly quintuple its staff to 5,000 over the next five years. "These emerging countries are now beginning to see the value of outsourcing," says Martha Bejar, Wipro's president of global sales and operations. If so, the future of India's outsourcing sector could prove as bright as its past...
Recently on a sleeper train in China's northwest Xinjiang province, I shared a cabin with two Pakistani traders who were returning home overland from a business trip to Hong Kong. One, in a Harley-Davidson cap, showed me two toy remote-control U.S. military helicopters he had bought in Shenzhen for his young sons. Beaming, he professed his love for America. But he also applauded the Taliban and al-Qaeda and how they "looked after" his Muslim brethren. It's just such a paradoxical pose, at once insular and international, Islamist and secular, that befuddles those outside Pakistan...
...towards all those who show no respect for the inalienable rights of the individual and who violate human rights." That is one reason she has taken a tough line on Iran's nuclear program, criticized its crackdown on protestors after last summer's elections and risked the ire of China by meeting with the Dalai Lama...
...officials doubted whether Germany's actions on Iran would match its tough words, but they seem to have confidence that Merkel means what she says. "When it comes to crunch time" on Iran, says a senior U.S. State Department official, "we'll be looking closely at what Russia and China are willing to do. But we have no concerns about Germany." (See pictures of the Berlin Wall...