China 'wants foothold in South Asia'
The Prime Minister of India, Manmohan Singh, says his country must be prepared for a newly-assertive China that wants a foothold in South Asia.
China leads Asian shares lower after the State Council said yesterday that it will continue with its effort to keep property market under controls, and after the central bank drained more funds than expected from inter-bank markets, although that did offset a record-high injection prior to the New Year holiday.