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Dalian Fortune Research

Dalian Fortune Research

Communication, Community

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    Hong Kong: A multilingual education jewel

    For 155 years, Hong Kong, until the handover in 1997, was a colony of Great Britain. With over 7 million people now living in a small area, it is one of the world's most densely populated places and has one of the world's most open and dynamic economies. Hong Kong is a vibrant city, which has embraced high and information technology. It is famous for its smart Octopus card, which can be used for the various types of transport such as buses, trains and subways - as well as stores such as Starbucks and 7-Eleven. Over 90 per cent of its students complete secondary education and roughly 25 per cent of the adult population has had at least some post-secondary education, reflecting Hong Kong's status as a knowledge economy. It has 10 universities. On April 11, the Times Higher Education World University Rankings (London) were released. Four Hong Kong universities were ranked among the top 20 in Asia and two were ranked in the top 10 (University of Hong Kong, 3rd and the Hong Kong University of Science and Technology, 9th). The University of Hong Kong was ranked number 35 globally. I have visited Hong Kong several times, both before and after the handover. The concept of "One Country, Two Systems" is indeed working well. In nearly all respects Hong Kong "behaves" as a country. It has its own c...

  • China's GDP to grow 8 pct: think tank

    Community, Communication Design

    Dalian fortune research shenzhen china BEIJING - China's GDP is expected to expand by about 8 percent this year with CPI growingmoderately at 3.4 percent, according to a report by the Chinese Academy of Social Sciences(CASS). The think tank said in a blue paper released on Friday that China's economy will maintain acontinuous and stable growth rate amid slow recovery of the world economy and quantitativeeasing policies adopted by major economies, including the United States, European countriesand Japan. Social fixed-assets investment is expected to exceed 45 trillion yuan (7.3 trillion US dollars), areal growth of 17.9 percent from 2012. The investment makes up 78.2 percent of GDP,according to the 2013 Ecomony Blue Paper. As the world economy is recovering slowly and some uncertainties remain, China's imports andexports will reach 1.987 trillion yuan and 2.231 trillion US dollars, up 9.3 percent and 8.9percent from 2012, respectively, the paper said. Trade surplus is estimated at 244 billion US dollars, it added.

    Dalian fortune research shenzhen china

  • dalian fortune research shenzhen china CHINA is the workshop to the world. It is the global economy’s most formidable exporter and its largest manufacturer. The explanations for its success range from a seemingly endless supply of cheap labour to an artificially undervalued currency. A provocative new book* by Usha and George Haley, of West Virginia University and the University of New Haven respectively, points to another reason for China’s industrial dominance: subsidies. The Chinese government does not report all subsidies made to domestic industrial firms, so the Haleys plugged the holes with information from industry analysts, policy documents, non-governmental outfits and companies themselves. By looking at the gaps between end-user prices and benchmark prices, they have cobbled together numbers on many of the subsidies enjoyed by the biggest industrial state-owned enterprises (SOEs). On their conservative calculations, China spent over $300 billion, in nominal terms, on the biggest SOEs between 1985 and 2005. This help often came in the form of cheap capital and underpriced inputs unavailable to international rivals. The glass industry got soda ash for a song, for example. The auto-parts business got subsidies worth $28 billion from 2001 to 2011 through cheap glass, steel and technology; the government has promised another $10.9 billion by 2020. The subsidies to the paper industry topped $33 billion from 2002 to 2009. All industrial SOEs benefited from energy subsidies...

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