Asian horror cinema eschews the normal horror conventions of its Western counterpart, such as predictable scares, expendable Abercrombie Fitch characters, gory, blood-splattering kills and blonde girls who inexplicably fail to maintain their balance as they run. Instead, it engages its audience by creating a stark, unglamorous reality, laced with an unsettling tone that permeates every single frame of the picture. Asian horror directors often focus on creating a constant sense of dread and slowly building tension. Perhaps the most common and intriguing aspect of Asian Horrors is the concept of evil at hand. Far more complex than masked, knife-wielding social misfits in desperate need of a hug, the in many Asian horrors is something psychologically intricate, horrid and sinister; its manifestations involve some of the more unusual and terrifying imagery in cinematic history. With that, we present the 5 best Asian horror movies.
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The stronger performance was despite muted trade in the U.S. and Europe, where markets succumbed to selling as investors took profits from recent rallies.
After a disastrous 2008, Asian stocks have showed strength of late as foreign capital begins trickling back amid speculation that government stimulus policies around the world will help Asian equities outperform this year, analysts said.
"The market is likely to trend higher," said Alex Tang, head of research at Core Pacific-Yamaichi in Hong Kong. "Markets in the region are definitely cheap and major players have been accumulating over the last three weeks."
In Tokyo, the Nikkei 225 stock average rose 37.72 points, or 0.4 percent, to 9,080.84 as a weaker yen boosted exporters like Sony Corp. and Toyota Motor Corp.
Sony jumped 7.6 percent, electronics giant Panasonic Corp. gained 4.3 percent and Toyota added 1.3 percent despite announcing new steps to reduce auto production in Japan.
The Shanghai Composite Index rose 3 percent to 1,937.15, while South Korea's Kospi was up 1.8 percent and Australia's key benchmark added 1.5 percent. Hong Kong was the only major regional market to fall, with the Hang Seng index down 53.80 points, or 0.4 percent, at 15,509.51 points.
Despite the gains, there was scant evidence that the world economy or Asian companies were on the mend.
Toyota said it was halting production at all 12 of its nationwide plants for 11 days over February and March. Overnight in the U.S, new data showed that U.S. auto sales plunged 36 percent in December, with General Motors Corp. selling its lowest number in 49 years.
Amid the gloom, caution on Wall Street overtook the encouragement investors found in President-elect Barack Obama's calls for an economic stimulus package that reportedly could include as much as $300 billion in tax cuts.
The Dow closed lost 81.80, or 0.9 percent, to 8,952.89, but off its lows. Broader stock indicators posted more modest declines, with the Standard Poor's 500 index falling 4.35, or 0.5 percent, to 927.45.
Wall Street futures were slightly higher. Dow futures rose 11 points, or 0.1 percent, to 8,829 and SP500 futures gained 2.2 points, or 0.2 percent, to 926.60.
Oil prices were slightly lower after rising sharply overnight on concerns about Israel's ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports.
In Asian trade, light, sweet crude for February delivery was down 98 cents at $47.83 a barrel on the New York Mercantile Exchange. The contract rose $2.47 cents to settle at $48.81 a barrel overnight.
In currencies, the dollar was slightly lower at 93.40 yen, compared to 92.86 yen earlier, after advancing in recent days. The euro traded 1.4 percent lower at $1.3448.
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After a disastrous 2008, Asian stocks have showed strength of late as foreign capital begins trickling back amid speculation that government stimulus policies around the world will help Asian equities outperform this year, analysts said.
"The market is likely to trend higher," said Alex Tang, head of research at Core Pacific-Yamaichi in Hong Kong. "Markets in the region are definitely cheap and major players have been accumulating over the last three weeks."
In Tokyo, the Nikkei 225 stock average rose 37.72 points, or 0.4 percent, to 9,080.84 as a weaker yen boosted exporters like Sony Corp. and Toyota Motor Corp.
Sony jumped 7.6 percent, electronics giant Panasonic Corp. gained 4.3 percent and Toyota added 1.3 percent despite announcing new steps to reduce auto production in Japan.
The Shanghai Composite Index rose 3 percent to 1,937.15, while South Korea's Kospi was up 1.8 percent and Australia's key benchmark added 1.5 percent. Hong Kong was the only major regional market to fall, with the Hang Seng index down 53.80 points, or 0.4 percent, at 15,509.51 points.
Despite the gains, there was scant evidence that the world economy or Asian companies were on the mend.
Toyota said it was halting production at all 12 of its nationwide plants for 11 days over February and March. Overnight in the U.S, new data showed that U.S. auto sales plunged 36 percent in December, with General Motors Corp. selling its lowest number in 49 years.
Amid the gloom, caution on Wall Street overtook the encouragement investors found in President-elect Barack Obama's calls for an economic stimulus package that reportedly could include as much as $300 billion in tax cuts.
The Dow closed lost 81.80, or 0.9 percent, to 8,952.89, but off its lows. Broader stock indicators posted more modest declines, with the Standard Poor's 500 index falling 4.35, or 0.5 percent, to 927.45.
Wall Street futures were slightly higher. Dow futures rose 11 points, or 0.1 percent, to 8,829 and SP500 futures gained 2.2 points, or 0.2 percent, to 926.60.
Oil prices were slightly lower after rising sharply overnight on concerns about Israel's ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports.
In Asian trade, light, sweet crude for February delivery was down 98 cents at $47.83 a barrel on the New York Mercantile Exchange. The contract rose $2.47 cents to settle at $48.81 a barrel overnight.
In currencies, the dollar was slightly lower at 93.40 yen, compared to 92.86 yen earlier, after advancing in recent days. The euro traded 1.4 percent lower at $1.3448.
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The USD was able to maintain its gains against the EUR, GBP, CHF and CAD in the Asian session. The USD slumped at the open but quickly clawed back gains during the morning session with the EUR-USD falling from highs of 1.3964 to 1.3842, just failing to take out large stops under 1.3840. Cable rallied to highs of 1.4563 only to drop as low as 1.4528 in the subsequent sell-off. AUD and Kiwi were the exception to the USD recovery, consolidating gains above 0.7100 and around 0.5900, respectively. USD-JPY held a tight range around 92.00 with JPY cross profit-taking capping gains, but the rally in the Nikkei and further comments from BOJ Shirakawa over concerns for the strong JPY, both helping to under USD-JPY. Oil was firm above $47 on the Israeli ground invasion of Gaza and the Russia-Ukraine spat. Gold ease over $9 at one stage on the stronger USD. Base metals were mixed with copper and zinc higher on stronger stocks but nickel dropping on reports of increased production from China. Asian stock markets were broadly higher in reaction to the US moves, with the Nikkei up at two month highs on the weaker JPY, but Australian stocks were weighed down by weak banking stocks.
Meanwhile, GBP/USD was unable to sustain a surge above 1.4550, falling back to lows of 1.4432 after trading to highs of 1.4663 in early Asian dealings. It is not hard to sell sterling on rallies given the negative news that continues to come out of the UK press. The market continues to anticipate that Marks Spencer will warn on profits on Wednesday. The UK Independent notes estimates that a quarter of UK families will have no disposable income in 2009. More UK retailers are seen at risk of going into administration, with a forecast by the Forum of Private Businesses that 200,000 small businesses could go bust this year. The Times warns of a corporate UK refinancing time bomb with more than GBP50 bln of bank debt expiring and needed to be refinanced. Finally, the press is focused on expectations that the BOE could cut rates to the lowest levels since 1694. 1.4677 and 1.4800 remain key resistance levels on sterling. Support remains at 1.4380-1.4400.
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Daniel Henney - The second person I am putting as most to gain would be Korean-American actor Daniel Henney. His new movie X-Men Origins: Wolverine is a sure-fire blockbuster hit, not only having the target reach of geeks but the average moviegoer as well. Henney in the official Movie trailer has significant face time, although he only says one line (watch trailer below). With the nature of this film combined with the fact he is actually fluent in English being raised in America and his God given good looks, Daniel Henney may be the next big thing depending on the significance of his role in the movie. Again, the self-proclaimed Asian-American activists will complain that Daniel Henney is in fact only half Asian and he cannot even speak Korean fluently AND the the fact that his very western facial features that make him attractive to Hollywood. Although those facts are true, dont mistake Henney for being white-washed; he started his acting career in Korea, starred in Korean dramas and movies and is very aware, respectful, and knowledgeable about Korean culture a positive in my book. Baby steps, people, baby steps.
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KUALA LUMPUR (AP) - The year-end festive season usually heralds a busy period for Asia-Pacific airlines.
But this year, a global economic slump has choked passenger and cargo traffic _ and 2009 looks even gloomier, corporate executives and industry experts say.
"Last December I remember being in a very buoyant mood, telling you all that the airline was in excellent shape and the overall picture was very healthy,'' Hong Kong's Cathay Pacific Airways Chief Executive Tony Tyler said in a recent company newsletter.
"Now, as 2008 draws to a close, we are facing very uncertain times and the mood has turned decidedly somber.''
While the drop in fuel prices has provided some reprieve, air traffic demand has fallen as companies and tourists cut back on travel.
The International Air Transport Association has warned that the aviation industry faces its worst revenue environment in 50 years.
Asia-Pacific carriers, which account for nearly a third of global passenger traffic and 45 percent of the global cargo market, will be badly hit with losses to more than double from $500 million this year to $1.1 billion in 2009, the IATA predicts.
Aviation experts say regional airlines should be able to weather the downturn better than their American and European peers because they have relatively strong balances sheets and more modern fleets.
Also, a number of airlines, including Singapore Airlines, Malaysia Airlines and Chinese carriers, are state-run, meaning they could get government support if needed.
Some analysts have said the region has less competition than the U.S. and Europe, where more airlines compete on the same routes.
"Asia-Pacific airlines are generally better placed than their counterparts elsewhere amid difficult times but they will still feel the pain,'' said Nicholas Ionides, regional managing editor of Flight International magazine based in Singapore.
While Japanese carriers appear to be having a solid year-end, major carriers Japan Air Lines and All Nippon Airways have slashed their revenue forecasts, and the economy there is slowing.
Airlines in Australia, China and South Korea are also struggling as their economies slow. India's carriers, which are grappling with high taxes and insufficient infrastructure, can also expect lower demand following November's terror attacks in Mumbai.
Globally, air traffic will fall 3 percent next year, the IATA predicts - the first drop since 2001, when the Sept. 11 terrorist attacks battered the industry.
Many airlines have cut capacity and shed jobs to cope with high oil prices earlier this year.
In recent weeks, nearly all carriers in the region also slashed fuel surcharges and offered fare deals in response to declining fuel prices, and this could lure more travelers.
But signs of trouble are evident even among the region's top players.
Korean Airlines Co., the world's largest international cargo carrier, posted its fourth straight quarterly loss for the third quarter due to a weak won, which raised the cost of purchasing fuel and servicing foreign debt.
Cathay Pacific reported its first half-year loss since 2003 and said its full-year results would be "disappointing'' amid weakening revenue and losses from fuel hedging.
Cathay has plans to park two freighters, offer unpaid leave to employees and possibly delay construction on a cargo terminal to cut costs.
It will also scale back services to North America but add flights to Australia, the Middle East and Europe to keep passenger growth flat in 2009, but the airline won't cut any destinations.
Singapore Airlines said its third quarter profit dipped 36 percent and warned of "weaknesses'' in advance bookings for 2009.
Japanese carriers' business has recovered recently as the yen's appreciation against the U.S. dollar and other currencies made traveling overseas cheaper for Japanese.
Still, All Nippon Airlines has cut its net profit forecast for the full year by a third and deferred plans to order a new jumbo aircraft.
Australia's Qantas Airways has cut 1,500 jobs and plans to reduce capacity to the equivalent of grounding 10 planes. It also trimmed its full-year pretax profit target by one-third.
In China, the forecast boom in travel during Beijing's Olympics year never materialized.
The state-run airlines recorded combined losses of 4.2 billion yuan ($613 million) for January-October.
Slammed by surging fuel costs earlier in the year, the airlines lost again in fuel hedging after recent drop in prices.
"The overall airline sector appears to be in its worst mess ever, and it will be pretty hard to survive,'' said Song Weiya, a researcher with Great Wall Securities in Shenzhen.
Authorities have urged state-run carriers to cancel or delay aircraft deliveries. It's two biggest airlines - Shanghai-based China Eastern Airlines and China Southern Airlines in Guangzhou - are in the midst of receiving 3 billion yuan ($440 million) capital injection from the government.
China Eastern, which earlier failed to sell a stake to international investors, may now merge with rival Shanghai Airlines, an ally of flag carrier Air China.
In New Delhi, state-run Air India is eyeing a government bailout to cope with a harsh downturn.
Analyst said airlines will gravitate toward mergers and seek government support to fend off the downturn.
Consolidation helps airlines by cutting costs as they share resources and feed more passengers through hubs.
After merger talks between Qantas and British Airways collapsed recently, some analysts say Qantas may seek a deal now with Asian carriers.
AirAsia, the region's biggest budget airline, is taking a contrarian approach by adding flights and expanding amid the slump.
Chief Executive Tony Fernandes believes AirAsia will benefit as travelers downgrade to budget carriers.
It became the first airline in the world to remove fuel surcharges on all its flights last month.
AirAsia expects to fly 19 million passengers this year and 24 million in 2009, he said - up from 15 million last year.
The carrier plunged into the red for the first time in the third quarter, largely due to foreign exchange losses and unwinding of fuel hedging contracts.
But Fernandes said AirAsia has no plans to cancel or defer its order for 175 Airbus aircraft, of which 55 have been delivered with nine more targeted for 2009.
"We are confident,'' he said.
"We are a beneficiary of the economic slump just like McDonald's and Wal-Mart as people are looking for more value.
More info about asian
But this year, a global economic slump has choked passenger and cargo traffic _ and 2009 looks even gloomier, corporate executives and industry experts say.
"Last December I remember being in a very buoyant mood, telling you all that the airline was in excellent shape and the overall picture was very healthy,'' Hong Kong's Cathay Pacific Airways Chief Executive Tony Tyler said in a recent company newsletter.
"Now, as 2008 draws to a close, we are facing very uncertain times and the mood has turned decidedly somber.''
While the drop in fuel prices has provided some reprieve, air traffic demand has fallen as companies and tourists cut back on travel.
The International Air Transport Association has warned that the aviation industry faces its worst revenue environment in 50 years.
Asia-Pacific carriers, which account for nearly a third of global passenger traffic and 45 percent of the global cargo market, will be badly hit with losses to more than double from $500 million this year to $1.1 billion in 2009, the IATA predicts.
Aviation experts say regional airlines should be able to weather the downturn better than their American and European peers because they have relatively strong balances sheets and more modern fleets.
Also, a number of airlines, including Singapore Airlines, Malaysia Airlines and Chinese carriers, are state-run, meaning they could get government support if needed.
Some analysts have said the region has less competition than the U.S. and Europe, where more airlines compete on the same routes.
"Asia-Pacific airlines are generally better placed than their counterparts elsewhere amid difficult times but they will still feel the pain,'' said Nicholas Ionides, regional managing editor of Flight International magazine based in Singapore.
While Japanese carriers appear to be having a solid year-end, major carriers Japan Air Lines and All Nippon Airways have slashed their revenue forecasts, and the economy there is slowing.
Airlines in Australia, China and South Korea are also struggling as their economies slow. India's carriers, which are grappling with high taxes and insufficient infrastructure, can also expect lower demand following November's terror attacks in Mumbai.
Globally, air traffic will fall 3 percent next year, the IATA predicts - the first drop since 2001, when the Sept. 11 terrorist attacks battered the industry.
Many airlines have cut capacity and shed jobs to cope with high oil prices earlier this year.
In recent weeks, nearly all carriers in the region also slashed fuel surcharges and offered fare deals in response to declining fuel prices, and this could lure more travelers.
But signs of trouble are evident even among the region's top players.
Korean Airlines Co., the world's largest international cargo carrier, posted its fourth straight quarterly loss for the third quarter due to a weak won, which raised the cost of purchasing fuel and servicing foreign debt.
Cathay Pacific reported its first half-year loss since 2003 and said its full-year results would be "disappointing'' amid weakening revenue and losses from fuel hedging.
Cathay has plans to park two freighters, offer unpaid leave to employees and possibly delay construction on a cargo terminal to cut costs.
It will also scale back services to North America but add flights to Australia, the Middle East and Europe to keep passenger growth flat in 2009, but the airline won't cut any destinations.
Singapore Airlines said its third quarter profit dipped 36 percent and warned of "weaknesses'' in advance bookings for 2009.
Japanese carriers' business has recovered recently as the yen's appreciation against the U.S. dollar and other currencies made traveling overseas cheaper for Japanese.
Still, All Nippon Airlines has cut its net profit forecast for the full year by a third and deferred plans to order a new jumbo aircraft.
Australia's Qantas Airways has cut 1,500 jobs and plans to reduce capacity to the equivalent of grounding 10 planes. It also trimmed its full-year pretax profit target by one-third.
In China, the forecast boom in travel during Beijing's Olympics year never materialized.
The state-run airlines recorded combined losses of 4.2 billion yuan ($613 million) for January-October.
Slammed by surging fuel costs earlier in the year, the airlines lost again in fuel hedging after recent drop in prices.
"The overall airline sector appears to be in its worst mess ever, and it will be pretty hard to survive,'' said Song Weiya, a researcher with Great Wall Securities in Shenzhen.
Authorities have urged state-run carriers to cancel or delay aircraft deliveries. It's two biggest airlines - Shanghai-based China Eastern Airlines and China Southern Airlines in Guangzhou - are in the midst of receiving 3 billion yuan ($440 million) capital injection from the government.
China Eastern, which earlier failed to sell a stake to international investors, may now merge with rival Shanghai Airlines, an ally of flag carrier Air China.
In New Delhi, state-run Air India is eyeing a government bailout to cope with a harsh downturn.
Analyst said airlines will gravitate toward mergers and seek government support to fend off the downturn.
Consolidation helps airlines by cutting costs as they share resources and feed more passengers through hubs.
After merger talks between Qantas and British Airways collapsed recently, some analysts say Qantas may seek a deal now with Asian carriers.
AirAsia, the region's biggest budget airline, is taking a contrarian approach by adding flights and expanding amid the slump.
Chief Executive Tony Fernandes believes AirAsia will benefit as travelers downgrade to budget carriers.
It became the first airline in the world to remove fuel surcharges on all its flights last month.
AirAsia expects to fly 19 million passengers this year and 24 million in 2009, he said - up from 15 million last year.
The carrier plunged into the red for the first time in the third quarter, largely due to foreign exchange losses and unwinding of fuel hedging contracts.
But Fernandes said AirAsia has no plans to cancel or defer its order for 175 Airbus aircraft, of which 55 have been delivered with nine more targeted for 2009.
"We are confident,'' he said.
"We are a beneficiary of the economic slump just like McDonald's and Wal-Mart as people are looking for more value.
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Commodity Online
SINGAPORE: Oil prices stayed lower in early Asian trade Friday, failed to take initiatives from a late surge on New Years Eve, as demand concerns continued to thrive.
Light sweet crude for February delivery, slid $1.62 to $42.98 a barrel by midday in Singapore after surging $5.57 to $44.60 on the New York Mercantile Exchange on Wednesday.
Brent North Sea crude for February delivery was down $1.52 to $44.07 a barrel after surging $5.55 to $45.59 in London on Wednesday.
Demand is faltering in emerging Asia, with Chinese commercial fuel stocks rising to another record high in November, while Indian refinery production fell versus a year ago for the first time in three years.
Markets were closed Thursday for the holiday. Oil tumbled 54 per cent in all last year.
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SINGAPORE: Oil prices stayed lower in early Asian trade Friday, failed to take initiatives from a late surge on New Years Eve, as demand concerns continued to thrive.
Light sweet crude for February delivery, slid $1.62 to $42.98 a barrel by midday in Singapore after surging $5.57 to $44.60 on the New York Mercantile Exchange on Wednesday.
Brent North Sea crude for February delivery was down $1.52 to $44.07 a barrel after surging $5.55 to $45.59 in London on Wednesday.
Demand is faltering in emerging Asia, with Chinese commercial fuel stocks rising to another record high in November, while Indian refinery production fell versus a year ago for the first time in three years.
Markets were closed Thursday for the holiday. Oil tumbled 54 per cent in all last year.
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A search for the recipe in cookbooks and on the Internet will bring up hundreds of variations, not only in types of ingredients but the amounts of the dressing ingredients. Some have napa cabbage and sesame seeds, and others have amounts of oil ranging from 1/4 to 1 cup. This version, brought to the Beasley Club Christmas by Tanya Schmidt, was one of the better ones I've tasted. I think a key is the Oriental-flavored Ramen noodles.
Since eating greens, and particularly cabbage, on New Year's Day is a tradition designed to lead you into a prosperous year with a lot of "green" coming in, I'll stick with cabbage and have another chance to eat this recipe Thursday.
1 bag of shredded cabbage
2 packages uncooked Ramen noodles, Oriental flavor
1 cup of oil
1/3 cup of white vinegar
1/2 cup sugar
Bunch of green onions, sliced
1/2 cup sliced almonds
1/2 cup sunflower seeds
Mix the vinegar, sugar and contents of the flavoring packet for the Ramen noodles and stir until the sugar dissolves. Add oil and set aside. Crumble the Ramen noodles and mix with cabbage, almonds and sunflower seeds. Coat with dressing.
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Since eating greens, and particularly cabbage, on New Year's Day is a tradition designed to lead you into a prosperous year with a lot of "green" coming in, I'll stick with cabbage and have another chance to eat this recipe Thursday.
1 bag of shredded cabbage
2 packages uncooked Ramen noodles, Oriental flavor
1 cup of oil
1/3 cup of white vinegar
1/2 cup sugar
Bunch of green onions, sliced
1/2 cup sliced almonds
1/2 cup sunflower seeds
Mix the vinegar, sugar and contents of the flavoring packet for the Ramen noodles and stir until the sugar dissolves. Add oil and set aside. Crumble the Ramen noodles and mix with cabbage, almonds and sunflower seeds. Coat with dressing.
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It has not been long that China entered the free market when the world succumbed to a global financial crisis. It enjoyed some years in lucrative world trade, but now it has to contend swimming in the uncertain seas of economic meltdown. Nonetheless, it has already established itself as a hegemony in the Asian region - what with all the ‘made in China’ products that have been flooding the world. Today, China has to deal with its own share of dwindling economic statistics.
China has been riding on the crest of two vital factors that have propped up its economic status and earned a hegemonic repute in the region. The country is a source of cheap labor and cheap products. Many multinational corporations have outsourced their manufacturing operations in China because the Chinese have actually been willing to work for a dollar a day. Also, China has been spewing tons of volumes of cheap products onto the world so much so that the planet is practically ‘made in China.’ Of course, it cannot be denied that these products, though may be ridiculously cheap, are also inferior in quality and ultimately obsolescent.
No matter. The Asian hegemon can very well swim in the tides of the global economic meltdown. After all, it also supplies fighter planes and AK-47s to military dictatorships around the globe.
China may have done it right, economically, even doing it swiftly. But it has been too expedient for its own good. Selling arms never earns good rep. Selling defective products does not give one a beneficent image over the long haul. Selling the brawn capacity of your human resources at a dollar a day ultimately makes you a country to be taken advantage of down the line. In this time of economic crisis where people can not purchase as much as they want to and production may have to slow down, expediency cannot do any good.
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China Needs Policies to Spur Consumption .
China needs to devise more policies to boost consumption among the nation's 1.3 billion people to counter the impact of falling exports on economic growth, central bank Governor Zhou Xiaochuan said.
“Although the government has pledged to boost consumption to sustain growth, we still face difficulties in identifying which areas and which measures we should take to spur spending,” Zhou told a conference in Beijing today. Economic policies have failed to rebalance growth away from trade and investment, with the share of consumption in gross domestic product falling to less than 50 percent from 60 percent a decade ago, he said.
Premier Wen Jiabao may unveil a second stimulus package as early as next month aimed at spurring consumer spending as the economy is set for its slowest growth in two decades. The government has already increased subsidies for farmers to buy household electronics, cut taxes on property and is preparing policies to revive slumping car sales in the world's second- biggest auto market.
China's household consumption rate “is among the lowest in Asia as households still hold large precautionary saving balances,” said Ben Simpfendorfer, a Hong Kong-based economist with Royal Bank of Scotland. He estimates household consumption growth slowed to 5 percent in 2008 after rising at double that pace the previous year.
The U.S. economy faces the opposite problem, Zhou said today, with consumption too high and the savings rate too low. The policies now being pursued by the Bush administration to revive growth by boosting consumption aren't the solution to the country's long-term structural economic problem, he said.
Consumer spending represents more than two-thirds of the U.S. economy while household consumption's share of China's gross domestic product slumped to slightly more than 35 percent last year from 45 percent a decade ago, according to Chinese government data.
“This shows there is huge potential to boost consumer credit and encourage people to buy homes and cars,” Yi said.
No Savings Glut
Statements from Yi, Zhou, and Ben Simpfendorfer promote the silly idea there is some sort of savings glut in China. There isn't.
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China needs to devise more policies to boost consumption among the nation's 1.3 billion people to counter the impact of falling exports on economic growth, central bank Governor Zhou Xiaochuan said.
“Although the government has pledged to boost consumption to sustain growth, we still face difficulties in identifying which areas and which measures we should take to spur spending,” Zhou told a conference in Beijing today. Economic policies have failed to rebalance growth away from trade and investment, with the share of consumption in gross domestic product falling to less than 50 percent from 60 percent a decade ago, he said.
Premier Wen Jiabao may unveil a second stimulus package as early as next month aimed at spurring consumer spending as the economy is set for its slowest growth in two decades. The government has already increased subsidies for farmers to buy household electronics, cut taxes on property and is preparing policies to revive slumping car sales in the world's second- biggest auto market.
China's household consumption rate “is among the lowest in Asia as households still hold large precautionary saving balances,” said Ben Simpfendorfer, a Hong Kong-based economist with Royal Bank of Scotland. He estimates household consumption growth slowed to 5 percent in 2008 after rising at double that pace the previous year.
The U.S. economy faces the opposite problem, Zhou said today, with consumption too high and the savings rate too low. The policies now being pursued by the Bush administration to revive growth by boosting consumption aren't the solution to the country's long-term structural economic problem, he said.
Consumer spending represents more than two-thirds of the U.S. economy while household consumption's share of China's gross domestic product slumped to slightly more than 35 percent last year from 45 percent a decade ago, according to Chinese government data.
“This shows there is huge potential to boost consumer credit and encourage people to buy homes and cars,” Yi said.
No Savings Glut
Statements from Yi, Zhou, and Ben Simpfendorfer promote the silly idea there is some sort of savings glut in China. There isn't.
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Al Ain, Sharjah make positive start
By Yasir Abbasher, Senior Reporter
Published: December 26, 2008, 23:39
Al Ain: The two teams of the first Asian Chess Champions League hosts Al Ain Culture and Chess Club (ACCC) and Sharjah Chess Club, have had a positive start to their campaigns in the biggest club competition in the continent.
Team A of the hosts defeated Al Muhafaza, from Syria, 4-0 with GM Sergey Karjakin beating FM Mohammad Samir, GM Zahar Efimenko defeating IM Hussain Satea. GM Gabriel Sargissian beating FM Bakr Jwan and GM Li Chao beating FM Algildahi Khalid.
The ACCC Team B beat their counterparts from Lebanese club Tanmiyah SC 3-1 with IM Mehrshad Sharif beating Atwi Ali, GM Bassim Ameen defeating Charaf Bassel and GM Essam Al Jindy defeating Gassan Houmsi. Jasem Al Fahim lost to IM Eid Fadi.
Sharjah Chess Club, the other representative of the UAE, defeated Brunei Chess Centre 3.5-0.5.
Source: http://www.gulfnews.
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Product Description
Japan, China, and India still wield significant power and influence over the world economy and thought in the 21st century. It's astounding to witness their evolution over millenia as powerful dynasties. Add this RTS to your version of Age of Empires 3! "Age of Empires III: The Asian Dynasties" is the second expansion pack for the massively popular "Age of Empires III" from Ensemble Studios and Microsoft Game Studios, which has sold over 2.5 million copies to date. Engaging gamers of all ages and types in epic warfare in the Eastern world, "Age of Empires III: The Asian Dynasties" will lead Japanese, Chinese and Indian civilizations to expand their empires. "Age of Empires III: The Asian Dynasties" is the latest installment in the award-winning "Age of Empires" franchise, developed collaboratively by Big Huge Games and Ensemble Studios for the Games for Windows platform.
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Who says our English is teruk.? Just see below - Ours is simple, short, concise, straight-to- point, effective etc........
WHEN GIVING A CUSTOMER BAD NEWS
Britons: I'm sorry, Sir, but we don't seem to have the sweater you want in your size, but if you give me a moment, I can call the other outlets for you.
Asian : No Stock.
RETURNING A CALL
Britons: Hello, this is John Smith. Did anyone page for me a few moments ago?
Asian : Hello, who page?
ASKING SOMEONE TO MAKE WAY .
Britons: Excuse me, I'd like to get by. Would you please make way?
Asian : S-kew me
WHEN SOMEONE OFFERS TO PAY
Britons: Hey, put your wallet away, this drink is on me.
Asian : No-need, lah.
WHEN ASKING FOR PERMISSION
Britons: Excuse me, but do you think it would be possible for me to enter through this door?
Asian : (pointing the door) can AR?
WHEN ENTERTAINING
Britons: Please make yourself right at home.
Asian : Don't be shy, lah!
WHEN DOUBTING SOMEONE
Britons: I don't recall you giving me the money.
Asian : Where got?
WHEN DECLINING AN OFFER
Britons: I'd prefer not to do that, if you don't mind.
Asian : Don't want la...
IN DISAGREEING ON A TOPIC OF DISCUSSION
Britons: Err. Tom, I have to stop you there. I understand where you're coming from, but I really have to disagree with what you said about the issue.
Asian : You mad, ah?
WHEN ASKING SOMEONE TO LOWER THEIR VOICE.
Britons: Excuse me, but could you please ! Lower your voice, I'm trying to concentrate over here.
Asian : Shut up lah!
WHEN ASKING SOMEONE IF HE/SHE KNOWS YOU.
Britons: Excuse me, but I noticed you staring at me for some time. Do I know you?
Asian : See what, see what?
WHEN ASSESSING A TIGHT SITUATION.
Britons: We seem to be in a bit of a predicament at the moment.
Asian : Die-lah!!
WHEN TRYING TO FIND OUT WHAT HAD HAPPENED
Britons: Will someone tell me what has just happened?
Asian : Wat happen Why like that....
WHEN SOME ONE DID SOMETHING WRONG
Britons: This isn't the way to do it here let me show you,
Asian : like that also don't know how to do!!!.
More info about asian
WHEN GIVING A CUSTOMER BAD NEWS
Britons: I'm sorry, Sir, but we don't seem to have the sweater you want in your size, but if you give me a moment, I can call the other outlets for you.
Asian : No Stock.
RETURNING A CALL
Britons: Hello, this is John Smith. Did anyone page for me a few moments ago?
Asian : Hello, who page?
ASKING SOMEONE TO MAKE WAY .
Britons: Excuse me, I'd like to get by. Would you please make way?
Asian : S-kew me
WHEN SOMEONE OFFERS TO PAY
Britons: Hey, put your wallet away, this drink is on me.
Asian : No-need, lah.
WHEN ASKING FOR PERMISSION
Britons: Excuse me, but do you think it would be possible for me to enter through this door?
Asian : (pointing the door) can AR?
WHEN ENTERTAINING
Britons: Please make yourself right at home.
Asian : Don't be shy, lah!
WHEN DOUBTING SOMEONE
Britons: I don't recall you giving me the money.
Asian : Where got?
WHEN DECLINING AN OFFER
Britons: I'd prefer not to do that, if you don't mind.
Asian : Don't want la...
IN DISAGREEING ON A TOPIC OF DISCUSSION
Britons: Err. Tom, I have to stop you there. I understand where you're coming from, but I really have to disagree with what you said about the issue.
Asian : You mad, ah?
WHEN ASKING SOMEONE TO LOWER THEIR VOICE.
Britons: Excuse me, but could you please ! Lower your voice, I'm trying to concentrate over here.
Asian : Shut up lah!
WHEN ASKING SOMEONE IF HE/SHE KNOWS YOU.
Britons: Excuse me, but I noticed you staring at me for some time. Do I know you?
Asian : See what, see what?
WHEN ASSESSING A TIGHT SITUATION.
Britons: We seem to be in a bit of a predicament at the moment.
Asian : Die-lah!!
WHEN TRYING TO FIND OUT WHAT HAD HAPPENED
Britons: Will someone tell me what has just happened?
Asian : Wat happen Why like that....
WHEN SOME ONE DID SOMETHING WRONG
Britons: This isn't the way to do it here let me show you,
Asian : like that also don't know how to do!!!.
More info about asian
- Mood: good
LAHORE - Pakistan will host the first-ever Asian Hockey Champions Trophy next year as part of the plan to develop the game in the region.
Addressing a press conference here on Wednesday, President Pakistan Hockey Federation Qasim Zia said that the PHF had suggested the event during the Asian Hockey Federation congress held in Kuala Lumpur.
PHF Secretary Asif Bajwa and International Hockey Federations manager coaching development Tayyab Ikram were also present at the press conference.
He said that the congress welcomed the PHF suggestion. "The trophy if implemented would be played on the Champions Trophy pattern, which was also introduced by Pakistan way back in 1978. He further said that Pakistan has got extensive representation in the AHF committees, which has happened for the first time in Asia.
He further said that the AHF has also given the hosting rights of the qualifying rounds of 2010 World Junior world Cup for Women.
See more: asian
Mashantucket - Catering to its Asian clientele, Foxwoods Resort Casino introduced a rolling chips program for baccarat players Monday, becoming the first U.S. casino to offer a promotion popularized by casinos in Macau. Foxwoods has also promoted its top Asian marketing executive to senior vice president and announced that it is opening a new Asian restaurant. ve always been a leader in service to the Asian community. This is a continuation of that, Joe Jimenez, Foxwoods senior vice president of casino marketing, said Monday of the new program. Patrons who buy rolling chips, which have a distinctive look and feel, also receive a 1.5 percent in the form of cash chips. Patrons use the rolling chips during play. Winning bets are paid out in regular cash chips while losing bets are kept by the Offering an example of how the program works, Jimenez said a player who purchases $1,000 in rolling chips would receive $15 in cash chips as well. Winning players can continue to their winnings into more cash chips, he said. The rolling chips will initially be available at designated baccarat tables where the minimum bet is $100, Jimenez said. We are thrilled to be the first casino in the country to offer this option to our casino patrons, Michael Speller, president of the Mashantucket Pequot Gaming Enterprise, said in a statement. We believe this program offers our customers more of what they want at a gaming facility - the ability to play their favorite game longer. Robert Chan, newly promoted to senior vice president for Asian marketing, will oversee the rolling chip program. Chan, who has 28 years of gaming experience, has held positions in Asian marketing at resorts around the world, including Caesars Palace, the Showboat, Trump Marina and The Sands in Atlantic City, according to Foxwoods. He has been vice president of Asian marketing at Foxwoods for the past 10 years. Foxwoods announced that Noodles, a new Asian restaurant, will open this week near the casinos Rainmaker Square.
See more: asian
See more: asian
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