Duncan Niederauer,CEO of NYSE/Euronext,has been touring Asia recently.He found China to be pretty optimistic.Visiting Beijing and Shanghai,he saw plenty of evidence of China's stimulus at work,he said.They're gonna leave no stone unturned for the Shanghai Expo,Mr.Niederauer observed.
Mr.Niederauer also spent a lot of time in India.What sets India apart is a lot more domestic demand,he noted.I think India can weather the storm because of the domestic demand that's so inherent,while China is trying to build up areas away from the coast.They're exploring opening up their market,allowing initial public offerings.I think they're gonna go step by step,being very conservative,the NYSE/Euronext executive remarked.
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