Wall Street Journal (March 21)
“At this point you have to ask: Is China’s economy real anymore?” While recent “economic news out of Beijing sounds so good,” it is driven by non-sustainable “subsidies for upgrades of business and household equipment.” Mr. Xi has fallen “back on the export dependence that so irritates trading partners while leaving China’s economy as vulnerable as ever to foreign protectionism.”
Tags: Beijing, Business, China, Economy, Equipment, Export dependence, Household, Irritates, Protectionism, Subsidies, Sustainable, Trading partners, Upgrades, Vulnerable, Xi
South China Morning Post (May 17)
“A larger fall of property investment and a slowdown of consumption continued to haunt China’s economic activities in April, despite Beijing having stepped up actions to boost consumer goods sales, upgrade equipment and solve the widely watched property slowdown.”
Tags: April, Beijing, Boost, China, Consumer goods, Consumption, Economic activities, Equipment, Fall, Haunt, Investment, Property, Sales, Slowdown
LA Times (January 5)
“The coronavirus crisis battering Los Angeles County’s medical system is reaching increasingly desperate levels, with healthcare providers running low on equipment, ambulance operators being told not to bring patients who have virtually no chance of survival to hospitals, and officials scrambling to ensure they can provide enough lifesaving oxygen for critically ill patients.”
Tags: Ambulance, Battering, Coronavirus, Crisis, Desperate, Equipment, Hospitals, LA County, Medical system, Oxygen, Patients, Scrambling, Survival
Investment Week (May 19)
At just 3.6%, Japan’s unemployment rate is extremely low and this should promote inflation. “Labour shortages have already driven wages higher for part-time workers. Adding to this, the demand to provide new infrastructure for the 2020 Olympics in Tokyo and the need to replace equipment should also serve to further stimulate the economy.” The OECD has forecast that “only Japan, New Zealand, and Israel are expected to grow faster than their previously forecasted GDPs in 2014.”
Tags: 2020 Olympics, Economy, Equipment, GDP, Inflation, Infrastructure, Israel, Japan, Labor, New Zealand, OECD, Shortage, Tokyo, Unemployment rate, Wages, Workers
LA Times (March 16)
“Californians may be inured to rolling blackouts that cut off their power for hours at a time, but imagine an outage that darkens the entire country — for more than a year.” A federal report, disclosed by the Wall Street Journal, shows this “nightmare scenario” could result if just nine critical substations were knocked out. Officials need to take action and “address the frightening challenges posed by the grid’s reliance on custom-fitted equipment that can take months, if not years, to replace.”
Tags: Action, Blackouts, California, Challenges, Equipment, Grid, Nightmare, Outage, Power, Scenario, Substations
