China DigestEconomics and Policy from China's Newspapers 'Value added' output of the new economy contributed 15.7% to the total GDP, according to a new indicator revealed by the National Bureau of Statistics By Asia Times staff November 23, 2018 7:56 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 For the first time ever, China has released a new indicator measuring the value added output of its “new economy,” recording 12.96 trillion yuan (US$1.87 trillion) in 2017, the 21st Century Business Herald reported. The latter contributed 15.7% to the total GDP, growing at an annual rate of 14.1% amid the slowdown of the Chinese economy, data released by National Bureau of Statistics (NBS) showed. “New economy” shares of the primary, secondary and tertiary sectors contributed 0.7%, 6.6% and 8.4% to GDP last year, respectively. The so-called “new economy” refers to new industries that have applied new scientific and … [Read more...] about China’s new economy grew by 14.1% in 2017: NBS
By Justina Lee Bloomberg Mon., June 11, 2018 On paper, Autodesk Inc. is a bit of a mess. It’s been losing money for almost three years, and its book value – what’s left if you sell off the assets and repay debt – is negative. Yet over the past year, the stock has gained 23 per cent, almost double the S&P 500. With its sky-high valuation, the software maker would appear to be a poster child for froth amid a nine-year bull run. But to some, it should be seen in a very different light – as a company whose fundamentals are made to look a lot worse than they are by old, and increasingly useless, accounting rules. “You get numbers which are highly inflated for some companies, and are understated for other companies,” says Baruch Lev, the New York University finance professor whose 2017 paper on the topic ignited a debate about valuation. “It doesn’t make any sense.” That talk rankles the old school, which … [Read more...] about What’s a stock worth in the new economy?
caption Customers are served in a branch of the Carpet Right store on June 27, 2017 in south London, England. source Leon Neal/Getty Images Moss Bros issued a profit warning on Wednesday and Mothercare, which has already had a profit warning, said its lenders are relaxing debt covenants. Carpetright has had to get an emergency £12.5 million loan, is trying to reduce its rent bill, and needs to raise as much as £60 million for a turnaround. All three are struggling with a consumer spending squeeze and the rise of online, both of which are hitting UK High Streets hard. LONDON – Updates from bricks-and-mortar retailers Moss Bros, Carpetright, and Mothercare highlighted the plight of Britain’s High Street on Wednesday. Traditional retailers with shops across the country are struggling to cope with falling consumer spending, caused by inflation, and the rapid rise of … [Read more...] about 3 updates from retail businesses show how the old economy is dying — and fast
Bangkok hotel rooms up 12% but no change in room rates, farmers accept once a year subsidies at higher price & govt rice stocks still a secret. AGRICULTURE Farmers accept once-a-year sale Only those in central region will be affected Farmers say they are willing to accept the government's latest proposal to continue buying paddy at 15,000 baht a tonne under the pledging scheme for the 2013-14 main crop but limit pledging to only once a year. But they demand the government improve the pledging process by allowing farmer representatives to participate in inspecting rice quality and moisture content, as well as millers' preservation methods. The government should also support farmers by helping them grow more high-quality rice varieties and reduce their production costs and chemical use. Most farmers in the North and Northeast and those outside irrigation areas can grow rice only once a year anyway. Those affected are farmers in the well-irrigated central region who can grow rice … [Read more...] about What’s new in business news: August 13, 2013
The polarised forces of competition and cooperation are driving the new era of globalisation. Nations, including Thailand, are being challenged to improve their performance as well as regulations to keep pace with new political developments and advances in technology. New demands and standards in the field of labour and human resources are among the challenges and complexities facing any nation, including Thailand. How do we deal effectively with the management of talent in this new era of globalisation? As the country has embarked on the path to transform its economic model into one that is value-based and innovation-driven -- known as Thailand 4.0 -- we have seen a number of major reforms aimed at driving the country towards this goal. One priority has been the legal framework for the development of the Eastern Economic Corridor (EEC). Within the EEC, the government aims to promote, among other things, innovation, complex manufacturing technologies, and the development of a highly … [Read more...] about Managing talent in the new economy