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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

(December 2013) The OECD’s PISA programme of international student assessment results issued on Tuesday showed Asia taking seven of the top 10 slots in mathematics, the focus subject of the PISA 2012 round. Students in the Chinese city of Shanghai continued their impressive showing from PISA 2009, taking first place not just in mathematics but also reading and science, the two other core subjects tested by PISA. The OECD said the strength of their performance in mathematics, especially, is striking: In effect, the city’s 15-year-olds scored the equivalent of nearly three years of schooling above students in most OECD countries. Not only that, more than half of them – or around 55% – performed at the highest levels in maths, compared to an average in OECD countries of around one in eight students. Meanwhile, 15-year-olds in the United States scored in the middle of the mainly OECD developed world in reading and science while lagging in maths. Shanghai-China, and Singapore were top in maths followed by Hong Kong-China, Taiwan, Korea, Macao-China, Japan, Liechtenstein, Switzerland and the Netherlands were also in the group of top-performing countries. Some people say that it isn't fair to have four cites (3 Chinese plus Singapore with a majority Chinese population) compared with country samples. However, the OECD says unpublished results from the PISA 2009 assessments in other parts of China showed a “remarkable performance,” according to the think-tank's Andreas Schleicher, who runs PISA.
(November 2013) Emerging East Asia comprising China; Hong Kong, China; Indonesia; South Korea; Malaysia; the Philippines; Singapore; Thailand; and Viet Nam. remains vulnerable to a shift in investor sentiment when the US eventually scales back its asset purchase program and as it tackles still-unresolved questions over its government debt ceiling, the report warns. Volatile capital flows make it tougher for policymakers to manage the economies while looming tighter liquidity could push down asset prices, particularly in the property sector, undermining the health of financial firms with large holdings.
(November 2013) Writing exclusively for Development Asia magazine, Bill Gates calls for a concrete strategy to inspire a revolution in development data. Better data should be a cornerstone of the post-2015 development agenda, he says, helping to save lives and empower those left behind.
(November 2013) India’s rising economy and burgeoning middle class have earned it a place alongside China as one of the world’s indispensable emerging markets. But what is India’s true potential? And what can be done to unlock it? In recent times, economic woes with a falling currency and huge infrastructure shortcomings highlighted by massive electricity blackouts in 2012, muted the obsession with overtaking China.
(November 2013) On Tuesday the key Third Plenary Session of the 18th Central Committee of China's Communist party ended after a three-day meeting that was expected to set out significant reforms in the first year of Xi Jinping's presidency. However, while the Tuesday communiqué disappointed, on Friday a “guideline” document was published which suggested the plenum had made significant reform decisions.
(November 2013) China is to fine-tune its 30-year-old family planning policy, a spokesman for the nation's top population authority says. It's a crucial issue as life expectancy has more than doubled from 35 in 1949 when the communists declared victory, to 75 today. Meanwhile, the current fertility rate has fallen to 1.5 or lower, compared with the level of 2.1 live births per woman that is considered to be the replacement level: in other words, the average number of live births per woman required to keep the population size constant if there were no inward or outward migration. The IMF forecasts that China’s present labour surplus of about 150m people will drop to 30m by 2020 and in 2011, the workforce shrank for the first time, earlier than most predictions. Japan was at a similar turning point in about 1990. About 118 boys are born for every 100 girls in 2012, higher than the normal ratio of 103 to 107 boys for every 100 girls.
(November 2013) The electrical industry plays a key role in the development of economies all around the world both directly and indirectly as a supplier to other sectors. In Germany, for instance, the electrical industry is directly responsible for one-eighth of industrial output. Furthermore, 45,000 new jobs have been created in the sector since 2010, which means the electrical industry currently employs more than 840,000 people.
(October 2013) Myanmar meets the definition of a frontier economy in many ways as it undergoes a transition from a siege economy subject to western sanctions to an influx of companies in search of opportunities where electric light remains a luxury while the legal and regulatory structures are a work-in-progress in a system where corruption is endemic. Land and building shortages have pushed rates for prime office space towards $100 per square metre - - even higher than costs than in much more developed countries in the region such as Singapore, according to reports. The military which has ruled the country for a half-century, has control of significant amounts of land in urban areas.
(October 2013) It's almost a year since Abenomics took Japan by storm, with the second coming of Shinzo Abe as prime minister and his commitment to end almost two decades of deflation. There has been a comeback in confidence, a recovery in equity markets, yen depreciation, a slight bump in inflation helped by energy import prices and growth reaching almost 4% in the first half of 2013.
(October 2013) China's growth rate rose back to 7.8% in the third quarter, but according to Liu Li-Gang, ANZ's chief China economist, that growth still relies on investment more than consumption and the rebound is unlikely to continue.