Mongolia

choi

本文通过一路BBS站telnet客户端发布


James T Arredy, Mining Boom Fuels New Mongol Hoard. Wall Street Journal, June 2, 2011
http://online.wsj.com/article/SB10001424052748703421204576331144234070656.html
(IMF forecasts Mongolia's "economy, growing at a torrid pace of about 10% this year, could expand at almost a 23% rate in 2013 * * * in a nation where per capita annual income is about $2,000")


-----------------------------Separately
(1) 中国的适龄劳动人口将开始收缩. VOA Chinese, June 1, 2011.
http://www.voanews.com/chinese/news/20110601-Changes-In-Chinas-Workforce-and-the-Impacts-122977353.html
Note: The report cites
(a) Howard Schnerider, China’s workforce is expected to start shrinking in next few years. Washington Post, June 1, 2011.
China’s workforce is expected to start shrinking in next few years
(b) Keith Bradsher, As China’s Workers Get a Raise, Companies Fret. New York Times, June 1, 2011
http://www.nytimes.com/2011/06/01/business/global/01wages.html?scp=2&sq=china&st=cse
("Airline flights to Vietnam, Bangladesh, Indonesia and other low-wage Asian countries are packed these days with executives looking for alternatives to double-digit wage increases in China. But wages are rising as fast or faster in many of these countries, following China’s example, while commodity prices have surged around the world, leaving buyers with few places to turn.")

There is no need to read either, though I was surprised by quotation of (b).

(2) Calum MacLeod, China Slows High-Speed Rail Boom; Expansion cut back amid concerns over value, safety. USA Today, June 1, 2011, at page 9A.
http://www.usatoday.com/news/world/2011-05-31-china-high-speed-rail-construction_n.htm

My comment: Reading the title, I thought the report would criticize the project. In fact, it eported that many riders showed support, though I did not know who they were and what their incomes might be. World Bank clams for the project.

(3)
(a) Jamil Anderlini, Subsidies at heart of Beijing’s ‘new deal.’ Financial Times, June 1, 2011.
http://www.ft.com/cms/s/0/92c6ff5e-8b9e-11e0-a725-00144feab49a.html
(b) Kathrin Hille, City Races to Meet Clamour for Public Housing. Financial Times, June 1, 2011.
http://www.ft.com/cms/s/0/9869e4a4-8b98-11e0-8c09-00144feab49a.html
("At Minxin Garden [in City of Chongqing], rents range from just below Rmb300 ($46) for a 30 sq m studio to just over Rmb600 for a three-bedroom flat. 'It is set at 60 per cent of the average price of local commercial real estate,' says Yuan Jianbo, an official at the public housing office. In theory, many qualify. * * * But so far, applicants have only a 6.8 per cent chance of getting in")

My comment: These two reports is companions to the main report.  The main report, titled "Fate of Real Estate Is Global Concern; In the first of a series, Jamil Anderlini reports on a sector seen as a boost for many economies' health, is not worth reading, but the companions are.

(3) 旱情推高食品价格 中国通胀难见顶. VOA Chinese, May 31, 2011.
http://www.voanews.com/chinese/news/20110531-Supply-Shocks-Push-Up-Chinas-Food-Prices-122906839.html

(4) China secures bumper summer grain harvest despite devastating drought. Xinhua, May 30, 2011.
http://news.xinhuanet.com/english2010/china/2011-05/30/c_13901839.htm

My comment: Two days ago, I was taken by surprised upon reading the news. What about winter wheat? What about Yangtze River? Today another news report explains teh latter, in part, though it does not say why rice harvest will be fine.

Drought has limited impact on China's grain prices. People's Daily, June 2, 2011
http://english.peopledaily.com.cn/90001/90778/90862/7398574.html
("Drought-stricken provinces such as Hubei and Jiangxi along the middle and lower reaches of the Yangtze River are not China's major wheat producers. The drought will have a negligible impact on the summer grain output, although early-season rice cannot be planted in certain areas, and some paddy fields have no water after the crop has been planted due to the drought.

(5) Andrew Higgins, From China, an end run around U.S. tariffs. Washington Post, May 9, 2011.
http://www.washingtonpost.com/world/asia-pacific/from-china-an-end-run-around-us-tariffs/2011/05/09/AF3GRl9G_story.html
("back in January 2005, the [US] Commerce Department slapped import tariffs on Chinese-made beds, nightstands and related wares. * * * The result: Imports now account for about 70 percent of the U.S. market for beds and similar items, up from 58 percent before Washington intervened to try and protect domestic manufacturers from Chinese “dumping,” as Chinese furniture makers have opened factories in Vietnam and Indonesia)

--