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E A S T   A S I A
News Analysis: China eyes higher labor quality to spur growth - People's Daily Online (Jul 31)

News Analysis: China eyes higher labor quality to spur growth
People's Daily Online
BEIJING, July 31 -- Government's decision to provide more vocational trainings to migrant workers will not only increase their incomes, but also nurture a high quality work force that is vital to China's economic upgrading, analysts said. A State Council ...

China home prices seen slowing sharply in 2014, flat in 2015 - Business Recorder (Jul 31)

Business Recorder

China home prices seen slowing sharply in 2014, flat in 2015
Business Recorder
Most analysts also thought China's home prices were overvalued. On a scale of 1 to 10, with 1 being extremely undervalued and 10 being extremely overvalued, analysts rated Chinese home prices a "7". To shield the economy from further headwinds, at least ...

and more »

China Awakening Digital Economy – A Giant Awakens - Net Newsledger (Jul 31)

Net Newsledger

China Awakening Digital Economy – A Giant Awakens
Net Newsledger
TORONTO – Business - China is going digital. Small to medium sized business in China are taking the digital economy on with the force of a tiger according to a new report from the McKinsey Global Institute (MGI), China's Digital Transformation: The Internet's ...

Grand Central: Slow Progress Emerges on the Labor Utilization Front - Wall Street Journal (blog) (Jul 31)

Wall Street Journal (blog)

Grand Central: Slow Progress Emerges on the Labor Utilization Front
Wall Street Journal (blog)
In its annual review of China's economic prospects released Wednesday, the IMF forecast that China's economy will slow to 7.1% growth in 2015, from a projected 7.4% this year and continue to slow further later in the decade. It said if China doesn't continue ...

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China should set less ambitious 2015 growth target, refrain from stimulus: IMF (Jul 31)
China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday. Most of its directors hold that view, though some feel that an even-lower growth target is appropriate, the IMF said in the conclusion of its annual Article IV economic consultation ...

China: Little precipitation in north of the Yangtze River brings intensifying drought (Jul 31)
Source: Government of the People's Republic of China
Country: China
According to the report from National Climate Centre, this summer has seen high temperature and little rain in most regions of the north of the Yangtze River. The precipitations in Henan, Shaanxi, and Hubei reach the lowest point of the last 54 years. The Yellow-Huaihe River Valley is suffering from rapidly intensifying drought. Meteorological observation shows that since this summer (June 1st to July 28th ) the rainfall in most regions in the north of the Yangtze River has been relatively low, decreasing by more than 20% in most of Yellow-Huaihe River Valley i, east of northern China, south central Shaanxi, east of Gansu, and most of Hubei. The percentage increased to more than 50% in the greater part of Henan. The average precipitation of Henan was 96mm, which was 60% less than it was in the usual years, claiming the least of historical average since 1961. Meanwhile, there was an increase of high temperature day...

Nearly 100 casualties in 'terror attack' in China's Xinjiang province: sources (Jul 30)
( - A clash in --injiang, home to China's mostly Muslim Uighur minority, left nearly 100 people dead or wounded, an exile group said Wednesday after what authorities called a “terror attack” on a police station and township.

Amid China's Slowing Economy, This Mutual Fund Managed to Gain 32% (Jul 30)
China was a tough sell when John Wong first started pitching the country to investors in the 1990s. Now, after a long boom that turned China into the world's second-biggest economy and reforms that tamed its torrid expansion, it's difficult again to drum up investor interest in the country, says Wong, manager of the Oberweis China Opportunities Fund. China's growth this year is forecast to be ...

China: Annual Report 2013 (Jul 29)
Source: Amity Foundation
Country: China, China - Hong Kong (Special Administrative Region)

Amity's Annual Report 2013 can be downloaded now. Besides information on Amity's different fields of activities in 2013, you can find project stories as well as facts and figures. General Secretary Qiu Zhonghui emphasized in his introductory message that more and more public voices were heard and taken seriously in the year 2013, and these eventually became the driving force of social development. Amity is steadily working for the development of rural communities and also expands services to urban communities. The aging population and NGO development remain as a strong focus of Amity's work. The era of mobile internet will bring new opportunities and Amity makes continuous progresses in embracing e-philanthropy. The year 2014 is seen as the first year of China's comprehensive deepening of reform that will bring new challenges and opportunities.

China's debt soars to 250% of GDP (Jul 29)
China's debt has soared to two and a half times its economy, Standard Chartered estimates, highlighting the difficulties Beijing faces in balancing growth with the risk of bubbles forming in its economy....

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