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Most industry insiders think future investment and financing reform in the railway sector must be accompanied by relevant marketization reform.
A commitment conditional on reform progress will not bring back private investors immediately. Only bold and largely unconditional commitments by both the European Union and Italy can break this dangerous impasse.
NCI put little emphasis on its financing scale, thus it is fortunate the company managed to launch its IPO by the end of 2011, even though the broader market is weakening.
It is important now for China to adopt a more open and honest approach towards accident investigations...
With the scourge of inflation fading and asset bubble threats still looming, the central government has started to launch a macro-policy orientation focused on “maintaining growth.”
In Nov. 2011, Henan became the last province in China to pass a policy which allows couples to have a second child as long as both the husband and wife are from one-child families.
“I never had any doubt that, as far as I was concerned, it was best for my country, best for Asia, and best for the world, to have the United States and China working together as much as possible as friends and in cooperation.”
The frequent school bus accidents in China can be attributed to human error in part; but they are also closely connected to the nation’s underfunded education system.
Worldwide excessive liquidity pushed the prices of commodities up. Dampened by a gloomy economic outlook, commodity prices will be under long-term pressure.
Even as China is gradually becoming a country ruled by law, the power of Chinese officials can still exert great influence in economic areas.
The nation spends only 29.3 percent of its fiscal revenue on public services such as education, health care, social security, and housing; while developed countries spend an average of 60 percent.
Academic studies suggest that the top tenth percentile of income distribution in the US, and elsewhere, is also moving farther away from the median earner.
Perhaps the most astonishing thing about the ECB’s monochromatic price-stability mission and utter disregard for financial stability is its radical departure from the central-banking tradition.
China is at the industry segment most vulnerable to blocking; it has gathered 40 to 60 percent of the capacity, while 90 percent of the market is overseas.
In designing mechanisms for East Asia and the Asia-Pacific region, ASEAN+3 and the East Asia Summit will most likely act as catalysts in the wider regional framework.
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