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The currency crisis that swept Southeast Asia and South Korea this fall has caused a good deal of smirking on this side of the Pacific. Americans tired of hearing about the magic of the Asian miracle and the superiority of Asian or Confucian or Buddhist values have concluded, with more glee than sympathy, that the Asians aren't so hot after all. Japan faces a mammoth bailout of its inbred banking system.
Need this be the end of the Asian economic miracle? No, says Pam Woodall; but governments must abandon their bad habits. THE gleaming high-rise buildings that fill the skylines of East Asia's capital cities used to be seen as symbols of the region's economic success.
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Change is chugging into Brooklyn on the city's N subway line - the latest train to push immigrants into the borough. The newest Census data shows that Brooklyn's Asian population is spiking - not only in the longtime stronghold of Sunset Park - but also east into Dyker HeightsBorough Park and Bensonhurst along the transit route. The intensity of the demographic shift is "stunning," said Steve Chunghead of the United Chinese Association of Brooklynwhich has headquarters right next to the Bay Parkway N subway stop in Bensonhurst.
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Want to become an instant expert at all things electric vehicles in China? Inmore electric cars were sold in China than in the rest of the world combined. And Beijing plans to spend just as much over the next decade.
While Asian and European lenders participated in the recourse and non-recourse loans, opportunities for international banks to lend in event-driven loans for Chinese state-owned enterprises are shrinking as Chinese banks continue to step forward to lead the strategic segment. Some privately-owned Chinese companies used foreign lenders for their overseas forays. Both markets reversed declines seen in as their corporates offered welcome diversification from lending to China, which has dominated regional lending since
That might sound odd, given that this week the FTSE touched 6, Yet it is not only false modesty that has prevented professional fund managers from owning up to stellar returns. The truth is that, unless your cash has been in a tracker, or better still, backing a very tight band of blue chips — specifically, half a dozen heavyweight mining stocks - your portfolio is very likely to be…. Get The International Pack for free for your first 30 days for unlimited Smartphone and Tablet access.