Let's move our sight to this world's second most populous country for a while. While China has been struggling with its economic slowdown, how about India? Let's take a look of this discussion of India economy. Optimistic India Based on the Organisation for Economic Cooperation and Development (OECD) research, it is said that Indian economy will continue to see a prosperous growth at least 7.4% in the next year. For India, their fiscal startin...
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It's been quite a time, we haven't talked about Chinese economy again. This year, we keep hearing from the yuan devaluation, stock devaluation, etc. Regarding this situation, a question rose, why the yuan devaluation does not occur to decrease sharply? The Shocking New Year Start Immersing stocks and currency have made a dramatic start to the new year in China. The closely watched Shanghai Composite Index fell 3.6 per cent on Friday, down more than 20 per cent from its recent hi...
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When you live in China, you don't have to worry if you forget to bring your wallet with you, but make sure you bring your Smartphone and you are registered with an app named Alipay. "Ali" isn't this name familiar? Yes, it's part of Jack Ma's Alibaba kingdom. Currently Apple announced that they would launch its Apple Pay in China. How well will Apple Pay grab the Chinese Market? Entering China Entering China, Apple Pay won't be alone. Together with UnionPay (state-affiliated network...
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Currently, there has been hot issues in China about the new child policy, which now, government has allowed people to have 2 kids. It's such a long process, I have to say... Before the government really permitted people to have 2 children, people who want to have more children, either they have to pay or they can have one more child if both mom and dad don't have any siblings. Yeah, it sounds complicated... Unbalance Population The reason why finally government decided this p...
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Count down the top 10 cities around the world to startup your business ! 1. Beijing China is still leading the chart! No wonder, China is increasingly focusing on higher-end, higher-margin advanced manufacturing, which “Made in China” no longer means cheap and low-quality, but high quality. In addition, China has a tax relief program for startups with annual tax deductions of up to RMB9,600 (US$1,500) to businesses established by previously unemployed workers and...
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Finally, the decision for Chinese Yuan or RMB to be added to IMF's basket of elite reserve currency is finalized. Here is the detail... Benefit, benefit, benefit... Despite many controversies, analysts say that the IMF’s decision is in large part a political one designed to encourage stronger economic overhauls in the world’s No. 2 economy. Christine Lagarde believes this milestone will be the beginning of many reforms. This move will be effective in the late of next y...
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I was like WOW! $1T is not a small amount, guys, I was like come on... Just like the title, Li Ke Qiang, Premier of China stated that China would invest more than $1 trillion overseas in the next 5 years. The Basis Not only the $1 trillion overseas investment, Premier Li also added that the country will most likely import commodities those worth more than $10 trillion during the period. Even though China's economic growth has slowed, growth volume is increasing annually. For as lon...
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Who doesn't know Jack Ma... The current richest man in China caused by his agile Alibaba's IPO move in the US market. We know that currently, China's economy has been in the slowdown state, but what does Jack Ma think about this slowdown? Let's take a look ... Don't You Worry About the Slowdown... In Ma's opinion, the 'over-reacted' attention from all of the world reflects the global importance of Chinese economy. He added that continuing to strive for the double dig...
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Hello everyone, another week has just begun! In this beautiful Monday, I will bring up the issue about the China growth rate 2015 analysis. China has been surprising us for the past few years with its economy growth. Even though now, China is running into the economic slow down, so many analysts believe that, this 'Middle Kingdom' country will keep make us wonder in the future (click here for more information about "Why China Matters?"). "With high rate of investment and consumption, I t...
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Comments Off on China 2015 – The New Top Global Economy When the history of 2014 is written, it will take note of a large fact that has received little attention: 2014 was the last year in which the United States could claim to be the world’s largest economic power. China enters 2015 in the top position, where it will likely remain for a very long time. What is the forecast for China and ASEAN in 2015? What do you get when you add slower economic growth, greater volatility, rising competition and genuine Chinese innovation? Read these good...
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