China’s aging population a new gold mine for economy
As a manager of the Shaanxi China Travel Service Company, based in Xi’an, Northwest China’s Shaanxi Province, Zhou Jincan has been busy accepting customers after the Spring Festival, as a series of travel packages were introduced specifically to the elderly travelers. “Elderly-care tourism has become a trend in recent years since these people have a […]
China narrows trade surplus in 2018
China’s exports rose 7.1 percent year on year in 2018, while imports grew 12.9 percent, resulting in a substantially narrowed trade surplus, according to a statistical communique issued by the country’s National Bureau of Statistics (NBS) on Thursday （February 28th). The expert said that the country has opened wider to the global market and injected […]
Moody’s revises down 2019, 2020 economic growth outlooks for S. Korea
Global credit rating setter Moody’s Investors Service revised down its outlook for South Korea’s economic growth for 2019 and 2020, its latest report showed Monday. “We forecast real GDP growth in South Korea slightly above 2 percent in both 2019 and 2020, markedly lower than the 2.7 pct growth in 2018,” Moody’s said in “Global […]
North Korea can learn economy from Hanoi
Vietnam’s capital of Hanoi can present a potential economic model for North Korea as it seeks to abandon its nuclear program in favor of economic development. Vietnam has been selected as the venue for the second summit between the leaders of North Korea and the U.S. as the country has friendly relations with both. Yet […]
South Korea: Shareholder activism unnerves chaebol
KCGI seeks to force Cho out of Hanjin management Shareholder activism has emerged as the centerpiece of the nation’s capital market. A growing number of shareholders at large Korean companies or chaebol are trying to have a bigger say in their management and to influence the owner families’ behavior by exercising their rights as partial owners. […]
China’s Political Economy Under the Microscope
The “red swan” that gives this book its title refers to China’s Communist Party-state policy-making process, and is a play on the “black swan” of the induction fallacy, popularized by the former Wall Street trader and finance professor Nassim Nicholas Taleb. Sebastian Heilmann’s policy-centric work is a blend of political economy and political science […]
Uzbek President Mirziyoyev: When a person changes, society changes
“We all know that reform means renovation, change. In order for the reforms to succeed, first of all, our leaders and people need to change. When a person changes, society changes” – Reforms in society and in all fields of life was the main focus of Uzbekistan President Shavkat Mirziyoyev’s New Year Address to […]
Talking at the Top: Past, Present and Future Summit Diplomacy in Asia
As the metaphor suggests, summitry sits at the pinnacle of international politics; indeed, the term was first introduced by none other than Winston Churchill.1Defined most broadly as face-to-face meetings of heads of state, summits have on occasion proven to be defining historical moments: Neville Chamberlain at Munich, John F. Kennedy and Nikita Khrushchev in Vienna, […]
South Korea: minimum wage stirs up controversy again
The government’s ordinance to revise the calculation method for the minimum wage is stirring up controversy and fueling conflict between businesses and workers. They have been locking horns over a particular issue concerning the inclusion of wages employers need to pay their employees for days off. Basically, companies will have to “legally” count and add […]
Advance with the times by carrying forward reform and opening-up
Whoever can offer a clear explanation of China’s reform and development will likely be a winner of the Nobel Laureate in economics, the remark of the Nobel economics prize winner Milton Friedman has reflected the global trend towards the exploration of the secrets of China’s reform and opening-up. To reveal the secrets of China’s success, […]
![[Novel] The Road to Shamawes ⑯](http://www.theasian.asia/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.theasian.asia%2Fwp-content%2Fuploads%2F2013%2F08%2FAshraf-2novel-news_9601.jpg&q=90&w=300&h=0&zc=1 "[Novel] The Road to Shamawes ⑯")
