Steady as China goes

The policy messages in the statement released after this weekend's Central Economic Work Conference were broadly in line with recent other statements, including the one after the Dec 4 meeting of the Party's ruling authority, reflecting some satisfaction on growth and emphasizing stability.

People hope for higher pay next year

'Will I get a pay rise?" This question is foremost on almost every wage earner's mind as the year nears its end.

From the chinese press

Schools ignore physical education

Working for the public good

The eight measures put forward by the newly elected leadership of China, aimed at improving the Party's working style, display the new leadership's determination to cut extravagance and bureaucracy and bring leaders closer to the people.

Cartoon

Knowledge is essential for progress

Francis Bacon's aphorism, knowledge is power, is what struck me the most when Xi Jinping, the new Party chief, presented an English-Chinese dictionary as a gift to a schoolgirl in a poverty-stricken rural family.

Concern over Abe's moves

With an already fraught Sino-Japanese relationship, Japan's conservative Liberal Democratic Party's return to power commands concern.

Blueprint for reform

The annual Central Conference on Economic Work is meant for tune- and agenda-setting, rather than for technicalities. Judging by the priorities set for 2013, most policies identified a year ago will be continued, with the new proposal to "actively and steadily" press ahead with urbanization in a "proper" manner.

The ROK needs new thinking

When voters in the Republic of Korea go to the polls to elect their new president on Dec 19, foreign policy will not be the main concern for a majority of them. The economy, jobs and welfare programs have been center stage in the campaign debates. However, foreign policy will be no less important for the ROK over the next five years.

Guns won't be holstered

It would not be hard to convince many of us who live on the West Coast of the United States of the painfully obvious need for severe gun-restriction laws and attendant gun-control enforcement. We're easy to persuade, California is just that way. Call us crazy, but we recently voted to increase our taxes to support our schools.

Innovation strategy can be spot-on

While China's growing innovation capacity has found mention in recent foreign political debates, those debates focused more on vilifying the country for intellectual property rights (IPR) "theft". This portrayal unfortunately provides a skewed outlook on the IPR and innovation system in China.

The year of booming bonds

Booming bond issuance and investment have been the pervasive themes throughout the global financial markets in 2012. The bond market not only met the needs of investors in the midst of the global financial crisis, but also provided strong support to companies and banks, becoming an engine for the world's economic growth.