Asian economies are grappling with slowing growth but for most of them, from China to the Philippines and from India to Fiji, the challenge is exacerbated by the need to close growing income gaps.
Trading blocs are key to continent's economic growth, says academic
After Hewlett-Packard was born in a one-car garage in Palo Alto, California, it took 75 years for it to grow into the global computer behemoth it is today. And since HP set up shop in Chongqing, it has taken the city in Southwest China only a few years to become a global giant in making laptop computers.
As snail mail bites the dust and sail mail disappears into the sunset, there is something just as old-fashioned to hail: rail.
China signed a long-awaited 30-year deal last month to buy Russian natural gas worth about $400 billion, according to news reports. There has been a lot of debate about the agreed price, possibly because the pricing issue was the main reason for the long negotiations.
People in China often lament that far fewer Chinese professionals are likely to end up becoming leading executives in multinational corporations than those from India.
The economy improved marginally in May, but analysts said the recovery remains patchy, with continued weakness in the property sector representing the largest uncertainty.
The China Securities Regulatory Commission said on Friday that it is planning unified regulatory rules for the asset management sector as part of its efforts to foster a good business environment and spur innovation.
China on Friday unveiled the blueprint for consolidation of its fragmented infant formula industry and indicated that the sector would have 10 manufacturers with annual sales revenue of more than 2 billion yuan ($160 million) by 2015.
New Zealand's Fonterra Co-operative Group Ltd, the world's largest dairy exporter, plans to build four to six farming hubs in China by 2020 that will produce 1 billion liters of milk to meet rising demand for dairy products.
Box office spending in China is set to nearly double from $3.13 billion in 2013 to $5.9 billion by 2018, said a new report published by global consultancy firm PricewaterhouseCoopers.
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Raymond Zhou
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Chen Weihua
