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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 2013) Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course. About 1.8bn people still rely on wood and other traditional fuel as their primary energy source.
(April 2013) The Wall Street Journal says today that investment-led economic growth is slowing in China, making it tougher for global companies to make heady profits off big-ticket capital projects such as highways, airports and office parks. In search of new growth engines, Beijing is looking to Chinese consumers to help rebalance the country's economy. Analysts expect China's increasingly urbanised consumers will seek better lifestyles, eschew factory jobs and seek to own cars and homes - - pushing economic growth. Last year, around half of the country's 1.3bn people were city dwellers. That could jump to two-thirds by 2030 - - or by around 13m every year, according to the World Bank.
(March 2013) The government of Japan announced this week a record annual trade deficit in 2012. Exports fell owing to weak European demand and a territorial dispute with China. Also this week, the European Union and Japan decided to open negotiations towards a free trade agreement next month. The aim is to create an additional one percent growth to improve the sluggish economic performance in the two regions.
(March 2013) Chinese and Indian consumers are living well and eating well. And that could spark a global crisis. The consumer boom in China and India will touch off global inflation and could lead to food and water riots if investment, policy, and technology don’t keep pace. Chinese born in 2009 will consume 38 times more than those born in 1960. Indians born in 2009 will consume 13 times more than those born in 1960.
(March 2013) China became a middle-income country in 2012 after its per capita GDP (gross domestic product) exceeded US$5,000, according to the National Statistics Bureau. This week, Li Yining, a well-known Chinese economist, said China can escape the middle income trap through industrial restructuring and income distribution reform. He said sound income distribution reform will promote social harmony in China, adding that technological innovation and relevant reforms can help China survive the middle income trap - - it occurs when a country's growth plateaus and eventually stagnates after reaching middle income levels. The World Bank estimates [pdf] that of 101 middle-income economies in 1960, only 13 became high income by 2008 - - Equatorial Guinea, Greece, Hong Kong SAR (China), Ireland, Israel, Japan, Mauritius, Portugal, Puerto Rico, the South Korea, Singapore, Spain, and Taiwan. By contrast, although many countries in Latin America and the Middle East reached middle-income status as early as the 1960s and 1970s, a great majority of them have remained there ever since. In Latin America, for instance, income per capita relative to the United States fell almost continuously from 1960 to 2005, especially after the debt crises of the early 1980s. Likewise, economic growth in many Middle Eastern and North African countries has waned and given way to high unemployment, as evidenced most recently by the social and political upheavals that took place during the Arab Spring of 2011.
(March 2013) Asia has become increasingly integrated over the past decade, led by growing trade and tourism. Despite a shift in direction of Asia’s exports, the share of intraregional exports has remained unchanged at around 56% into 2012. The proliferation of free trade agreements (FTAs) has been greatest in Asia; the global multilateral impasse has helped create an Asian noodle bowl, with more than 100 ratified FTAs involving at least one Asian economy.
(March 2013) Asia is getting older and a direct implication of an ageing nation is more and more citizens becoming dependent on income support from a shrinking workforce. In other words, the number of consumers rises relative to income earners. The support ratio - - which measures the effective number of income-earners versus the effective number of consumers, weighted by population age profiles and age-related differences in income and consumption patterns - - is projected to fall sharply in Korea, China, Japan and Thailand. That contrasts with the moderate decline projected for the US. The drop in Asian savings will have implications for investment.
(February 2013) China’s economy is starting its historic shift to a more consumption - - and service-driven model that should help sustain the country’s growth, albeit at a slower rate, over the next decade and beyond. As last November’s 18th congress of the Chinese Communist Party showed, new government policies are helping to move the economy in this direction, even though investment - - the historical motor of China’s growth - - will still command the lion’s share of the economy in the near term.
(February 2013) According to official figures, China’s outward direct investment (ODI) exceeded $77bn in 2012, a rise of 12.6% on the previous year, even as inflows of FDI (foreign direct investment) fell for the first time since the height of the global financial crisis.
(February 2013) Asia’s conglomerates are experiencing rapid growth while the model of pulling diverse businesses together into one group has fallen out of favour in the West in recent decades. Over the past decade, conglomerates in South Korea accounted for about 80% of the largest 50 companies by revenues. In India, the figure is a huge 90%. Meanwhile, China’s conglomerates (excluding state-owned enterprises) represented about 40% of its largest 50 companies in 2010, up from less than 20% a decade before.