The world’s second biggest economy, China, has successfully kept its head above water as economic crisis continued to overwhelm the rest of the world. Despite the global economic slowdown, China’s economy remains steadfast even with the cautious decisions made by China’s policy makers during 2012. The economy managed stability despite getting just a fourth of the total stimulus amount given in 2008. This alone assures that China’s economy is looking forward to a brighter 2013. (more…)
In a recent issue of The Economist, an article titled “Asia’s Next Revolution” delved into trends that indicate how many Asian countries are now starting to lay down the foundations for a welfare state. The Economist article cites the key countries as Indonesia, Thailand, India, China, and the tiger economies Singapore, South Korea, Taiwan, and Hong Kong. All of these countries are now implementing slightly similar forms of health care and social security schemes. (more…)
These are the three countries in this world that are making an impressive leap outside of the economic crisis and onto the ship of economic growth as well as increased retails, stable inflation and a better life standard.
China moved up to the second place in the GDP ranking of countries in the recent past years. In 2010 a report, created by the United Nations, states that China has a GDP of 5.74 trillion, whereas that number grows to 7.3 trillion for 2011, according to the World Bank report. They have extremely high growth rates and the people are ready to put their hands in their pockets. A research shows that just about ¾ of the Chinese people fancy green products and half of them are even ready to pay more, but have something that is eco-friendly. (more…)
The younger generation in China is now leading a new work lifestyle where they prefer to leave one job before landing on another in order to get time to fulfill their personal interests. This trend has been termed as naked resignation because one leaves a job with no other job at hand.
A study shows that a number of youth in their late twenties now say that they feel bored and unchallenged in their current jobs even after doing them for a period of less than five years. Overtime no longer motivates the younger generation. A young Chinese employee preferred to leave his job so that he could have time with his hobbies. He loves movies, so he gathered some of his friends and they acted one of them in a period of three months before going back to work in a period of three months. (more…)
This particular growth of cities in China is powered equally by the initiatives its government has been pushing through for the past few years as well as the extensive internal migration of the Chinese population looking for better lives. The government’s relationship with its massive population is a difficult one primarily because of the contrasting objectives they are trying to achieve.
Policies to regulate internal migration as well as to prevent the country’s population to balloon rampantly were implemented by the national government. However, the desire of the local governments, particularly the provincial ones, to provide enticing consumer markets as well as an adequate pool of labor for potential investors outweighed these policies. (more…)
A consumer spending of 2.29 trillion for this decade, China is on top of the list of prospected markets for retail and manufacturing. The purchasing power of the Chinese market brought high hopes among international brands but this hope is still being held in hiatus due to the massive counterfeiting in the red nation. What is the real score of fakery in the country? This article is here to draw some of the fine lines on the status of the notorious markets of China and the case of malinvestment in the Chinese Economy. (more…)
Once dubbed as the hub for product counterfeiting, China’s market is now turning away from fakery as consumers prefer original products. With the strong campaign against fake products, most of the consumers have now raised the likeness to the real branded ones. Try walking into metropolitan China with a fake Gucci bag and you will surely have people looking at you. Indeed, this transformation has brought high hopes to international manufacturers given the fact that China is seen as the largest market with a potential additional consumer spending of 2.29 trillion or 19% of the forecasted world additional spending of 12 trillion for this decade. (more…)
Democracy in China is not a question of ‘if’, but ‘when’, according to Bruce Gilley, in his book “China’s Democratic Future: How It Will Happen and Where It Will Lead”. According to Gilley, a democratic future in China lies just around the corner. Gilley describes different scenarios on how this democratization in China will come about. He then poses the question: That being so, where it lead? (more…)
Few countries with per head incomes of more than $10,000 a year survives as autocratic/authoritarian/totalitarian nations except for oil exporters. Charles Robertson of Renaissance Capital boldly predicts China could be a democracy by 2017:
China, on about $7,500 and growing fast, is approaching the income level when democratic change often begins. There are powerful arguments about why both countries might be permanent exceptions to the democracy rule.
The economic boom and the subsequent double-digit GDP growth achieved by some of the world’s emerging economies, such as Brazil, India and China, have led many to believe that poverty, inequality and other associated issues could be eliminated even without government intervention or active participation. But a new report by ActionAid, a UK based charity organization, is somewhat startling and to some extent unexpected. In the report, released to coincide with UN World Food Day, ActionAid has listed a number of developed, less developed and developing countries based the efficiency of their programs initiated to give legal, constitutional and social protection to those who need them the most. (more…)