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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

(April 2014) The original 1997 Kyoto agreement laid down the principle that developing countries did not have to make binding commitments. The incredible growth of China and other big emerging economies since then has made this a problem, as the US, among others, will not take action alone. While society will undoubtedly be able to adapt to climate change, the political and economic costs may not be small.
(March 2014) Plans to deepen economic ties with China have sparked protests in Taiwan: the Economist's correspondent interviews Ma Ying-jeou, Taiwan's president, on his controversial cross-strait trade agreement.
(March 2014) Inflation in Japan is climbing, but a consumption tax rise is around the corner, China is slowing and the yen is appreciating. The consumption tax is due to increase from 5% to 8%. Another hike to 10% is currently scheduled for October 2015. According to government estimates, the fiscal tightening could cost the economy up to 2.5% of gross domestic product (GDP) this year and another 1% in 2015, cutting GDP growth from 2.5% last year to just 1.4%.
(March 2014) The FT reports China’s government is planning to shift parts of its vast bureaucracy to a city 150km from Beijing, causing shares in companies linked to the struggling metropolis to surge in anticipation. Within an hour of the announcement of the plan to move state bureaus and government institutes to Baoding, a dozen Shanghai and Shenzhen-listed stocks surged and reached the daily trading limit of 10 per cent thanks to their connection to the city. Separately, a new report says in absolute numbers eastern China, led by Guangdong, the industrial heartland, northwest of Hong Kong, will see the largest increase in its urban population: 124.4m over 2010-30. Central China will follow with a rise of 71.2m over the period. But the urbanisation shift will not be uniform across the country.
(March 2014) In 1994, the World Bank produced its landmark study 'The East Asian Miracle,' which examined why East Asian economies grew faster than emerging markets in Latin America, Africa, and elsewhere. It found that the diversity of experience, the variety of institutions, and the variations in policies among the high-performing economies, does not allow a model to be developed. However, some lessons for other developing countries could be learned from the East Asian experience. First, it is essential to get the fundamentals right. High levels of domestic saving, broad based human capital, good macroeconomic management, and limited price distortions provide the basis for growth. Second, careful policy interventions to accelerate growth produces very rapid growth. In Developing Asia since the founding of the Asian Development Bank in 1966, 33 Asian economies have grown to middle-income status, and 5 are high income status. The 'middle income trap' is the term for being marooned between low-cost and high-value economies, which requires innovative companies, an improved education system, and government incentives.
(March 2014) Despite Abenomics driving consumer confidence and price inflation, a weaker yen has pushed Osaka and Tokyo away from the top of the cost of living ranking. This has paved the way for Singapore, which has been steadily moving up the ranking over the last decade, to claim the unenviable title of world’s most expensive city. Singapore’s rising price prominence has been steady rather than spectacular.
(March 2014) China is reining in capital investments as the authorities show their determination to slow credit growth.
(February 2014) India’s growth has slowed sharply, reflecting global developments and domestic supply constraints, while inflation remains stubbornly high. Led by falling infrastructure and corporate investment, the slowdown has generalized to other sectors of the economy. The financial positions of banks and corporates have deteriorated. The combination of persistently-high inflation, sizeable current account and fiscal deficits intensified the global liquidity tightening-induced balance of payment pressures experienced during the summer, which resulted in significant portfolio debt outflows, and pressures on currency, equity and bond markets.
(February 2014) India has made encouraging progress by halving its official poverty rate, from 45% of the population in 1994 to 22% in 2012. This is an achievement to be celebrated—yet it also gives the nation an opportunity to set higher aspirations. While the official poverty line counts only those living in the most abject conditions, even a cursory scan of India’s human-development indicators suggests more widespread deprivation. Above and beyond the goal of eradicating extreme poverty, India can address these issues and create a new national vision for helping more than half a billion people attain a more economically empowered life. The Indian government sets its official poverty line at 816 rupees per person per month in rural areas and 1,000 rupees per person per month for city dwellers. That works out to about 40 US cents a day in the countryside and 50 cents a day in the city.
(February 2014) Chinese demand for gold bars, coins and jewellery soared by 32% to record levels in 2013, even as the price of gold slumped 28%. In India, a trade deficit and currency problems resulted in restrictions on gold imports.