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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

(June 2013) Chinese consumers still intend to spend more in the coming year than their developed-market counterparts, but they are feeling the impact of the domestic slowdown and the mood has altered. Spending is down because consumers want to save more, and skepticism about the economy is prevalent. This is heightened in lower-tier cities, where the optimistic sentiment of middle-class and affluent consumers (MACs) has dropped by double digits this year.
(June 2013) "If over the next two years the equity market returned to its levels of 2006-07 (not absurd as corporate earnings will achieve new highs this year), real estate prices rose 15% and the yen stabilised in the 100-110 band against the dollar, the total increase in the national “shareholders’ equity” would be equivalent to 100% of GDP. Japan’s net government debt is about 170% of GDP."
(June 2013) China's move to rebalance its economy was driven home on Thursday when the banking sector woke up to a credit crunch with short-term interest rates rising to double-digit levels and manufacturing PMI (purchasing managers' index) was shown to have fallen for the ninth straight month. On Friday, China eased its credit crunch, with money rates falling after reports that the People’s Bank of China, the central bank, had acted to alleviate market stresses. However, interbank conditions remained tight and analysts said the PBoC would continue its tough stance of recent days to compel financial institutions to pare back their leverage. In the past week, we have reported that China had an annual deficit of 10% in 2012 and several manufacturing sectors are struggling with excess capacity because of high public subsidies. With another major growth engine under stress, what will the impact be on the rest of the world of a dip in China's growth?
(June 2013) China's rapid ascent in solar technology followed by the collapse in March, of Suntech, it's leading company in the sector, which had a peak market value of $16bn, is a salutary lesson of how public subsidies promote overcapacity and loss-making enterprises. While solar manufacturers in the US and Europe have been feeling the heat, China is also counting the cost of boom and bust. Even in industries where the labour cost content is low; import content is high and no economies of scale exist, Chinese products often undercut Western rivals by as much as a quarter to a third. A recent US study says government subsidies to produce technologically advanced products and undercut foreign manufacturers have buttressed China's trade prowess. Since 2000, the value of Chinese exports more than quadrupled. In 2009, China surpassed Germany to become the world's largest exporter. In 2010, it overtook Japan to become the second-largest manufacturer, and its foreign-exchange reserves became the largest in the world. Last year, China overtook the US to become the biggest trading nation (as measured by the sum of goods exported and imported).
(June 2013) China is rebalancing its economy away from an over-reliance on investment to consumer spending and its public finance situation is more precarious than official national statistics suggest. Government debt has grown to 50% of GDP (gross domestic product) and the country is running an “augmented” annual fiscal deficit of 10% of GDP.
(June 2013) In 2013, emerging economies will produce the majority of the world's goods and services, for the first time since the UK's industrial revolution. The world’s centre of economic gravity has changed over past centuries. However, since the mid-1980s, the pace of that shift—from the United States and Europe toward Asia— has been moving dramatically and the trend is set to continue.
(June 2013) Myanmar has much potential with many advantages, in the heart of the world’s fastest-growing region. With a population of 60m people (46m of working age), the Asian nation has abundant natural resources and is close to a market of half a billion people. It is emerging from a dark age in more ways than one - nearly three-quarters of Myanmar’s people live without the ability to turn on the lights. In the capital, a little less than half of residents live without the ability to plug in a television, a microwave, or a desk lamp. In Mandalay, Myanmar’s second-largest city, two-thirds cannot rely on an electric radio or flip on the washing machine and carry on with other chores. But of all the numbers that illustrate the insufficiency of Myanmar’s current energy architecture, perhaps the most startling is that even if electricity output doubles every five years, it will take the first of those five-year periods just to meet today’s needs. In the meantime, demand is projected to increase by 12% a year.
(June 2013) Japan's Nikkei 225 index rose 2.05% Tuesday but the market has been volatile in recent times as the investors got nervous about the impact of the new government's policy of flooding the economy with money to beat deflation. The Nikkei surged 83% over the seven months to late May but the index sank 7.3% on Thursday, May 23. It fell 3.2% the next Monday, 5.2% the following Thursday and then 3.7% on Monday of this week. It was down 15% in just eight trading days.
(May 2013) In the past decade, the service sector has been a huge contributor to overall growth across economies in developing Asia. This pattern is also evident in some lower-income economies in the region. In Bangladesh, Cambodia, Nepal, and Uzbekistan, services contributed more to growth than either industry or agriculture from 2000 to 2010. What is striking about these economies is that compared to the 1990s, growth proceeded more rapidly from 2000 to 2010, with the service sector as the key driver.
(May 2013) Japanese stocks have apparently entered an "adjustment phase," the top government spokesman said Monday, citing their recent sharp falls that followed advances stemming from Prime Minister Shinzo Abe's economic policies.