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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
Asia

Asia

(August 2014) Frederic Neumann, a co-head of Asian economic research at HSBC, writes today in the Nikkei Asian Review that after the sales tax hike to 8% in April, the economy took an expected dive. The latest data, however, shows the recovery is proving far more gradual than hoped for. Consumer spending hasn't rebounded despite a tight labour market. Wages remain stagnant. And the manufacturing sector has so far failed to benefit from a sharply depreciated yen. Expectations are therefore rising that the Bank of Japan might throw another log on the fire.
(June 2014) Asia faces five challenges as it pursues sustained economic growth: overcoming the middle-income trap, improving its institutions and governance, coping with an aging population, curbing rising inequality, and promoting financial development.
(June 2014) Reports published this week show dynamic growth across Asian industries, reinforcing the view that the balance of economic power is shifting eastward despite concerns about growth in China and India.
(May 2014) The US is set to lose its crown to China as the world’s largest economy this year. In 1872, the US overtook the UK as the biggest economy and Angus Maddison, the late renowned economic historian, wrote in his book on China when it last was the biggest economy: "From 1700 to 1820 population rose from 138 to 381m - - nearly eight times as fast as in Japan, and nearly twice as fast as in Europe. This population growth was accommodated without a fall in living standards. Chinese GDP grew faster than that of Europe in the eighteenth century even though European per capita income rose by a quarter." The US gross domestic product in 2012 was valued at over $16tn, twice the size of China’s, according to World Bank statistics. On this measure using market exchange rates, China will still have a decade before overtaking the US but China's value maybe understated if its currency is kept undervalued.
(May 2014) Dani Rodrik, a professor of social science at the Institute for Advanced Study, Princeton, New Jersey, has written that in the United States, manufacturing employed less than 3% of the labour force in the early nineteenth century. After reaching 25-27% in the that middle third of the twentieth century, deindustrialization set in, with manufacturing absorbing less than 10% of the labour force in recent years. Only a few developing countries, typically in East Asia, have been able to emulate this pattern. Thanks to export markets, South Korea industrialized exceptionally rapidly. With manufacturing’s share of employment rising from the low single digits in the 1950’s to a high of 28% in 1989 (it has since fallen by ten percentage points), South Korea underwent in three decades a transformation that took a century or longer in the early industrializers.
(May 2014) Japan could boost its gross domestic product by 12.5% if it closes the gender gap and gets more women into the workforce, a new report says.
(April 2014) Only 1% of American and British students contemplating study-abroad options want to go to China. Among American students, China currently ranks 10th out of the most desirable study-abroad locations, down from 9th last year. In the UK, China ranks 11th out of most-desired locations, down from 9th in 2013.
(April 2014) Ford, Toyota and Holden are all planning to close their factories in Australia -- bringing an end to almost a century of carmaking in the country. Geelong is in the frontline with Alcoa and Qantas also cutting jobs.
(April 2014) Beijing, Shanghai and Tianjin earlier this month announced an increase in the minimum wage for employees in those cities. Shanghai raised its monthly minimum wage rate to ¥1,820 yuan (US$290) and the hourly rate to ¥17 yuan, making them the highest rates in China.
(April 2014) Hong Kong has been selected as fDi’s Asia-Pacific City of the Future, because of its ability to attract FDI (foreign direct investment), with Singapore and Beijing taking second and third places.