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China’s National Health Commission (NHC) is surveying 30,000 people to understand factors influencing their attitudes towards childbearing and the “fear surrounding having children”, as authorities struggle to boost a flagging birthrate. The survey will include people from 150 counties in China and 1,500 different communities, the state-backed Global Times said late on Thursday, citing the China Population and Development Research Center, which falls under the NHC. Beijing is trying to encourage young couples to have children after China posted a second consecutive year of population decline in 2023. The survey aims to analyze “reluctance and fear surrounding having children” and ultimately provide fertility support and incentive measures, the newspaper said. It comes after China’s National Bureau of Statistics said it will conduct a nationwide sample survey from Oct. 10-Nov. 30 to monitor population changes.
Persons: Organizations: Health Commission, Global Times, Development Research Center, NHC, National Bureau of Statistics Locations: China, Beijing
The international poverty line, which the U.N. uses to measure global poverty, is very low. The international poverty line is valuable because it has succeeded in drawing the world’s attention to the extreme poverty of the world’s very poorest people. But to end poverty in all its forms everywhere, studying this poverty line alone is not enough. One way to see whether this higher poverty line is reasonable is to check whether it aligns with established national poverty assessments. For this, we need an appropriately ambitious poverty line that receives the same attention as the low international poverty line.
Persons: Michail Moatsos, , Lant Pritchett, Lyndon Johnson Organizations: The New York Times, Getty Images, United Nations General Assembly, Democratic, Bank, World Bank Locations: adulthood.Today, New York City, Mozambique, Democratic Republic of Congo, , Bolivia, Nigeria, India, United States, Denmark, Switzerland, Netherlands, Norway
Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.
Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S
Lovevery's toys are inspired by the homemade ones Rolph made for her son, each designed to nurture a specific developmental milestone. Launching with a single productPrior to starting Lovevery, Rolph was a co-founder of organic baby food company Happy Family, which launched in 2005. Zach Voss | CNBC Make ItThe duo decided to start simple, focusing on a single product: a play gym. They spent nearly two years relying on $2 million in seed funding to develop Lovevery's play gym, finally launching it in 2017. Lovevery's first product, the Play Gym, launched in 2017.
Persons: Jessica Rolph, Roderick Morris, Rolph, Morris, She'd, Morris —, Zach Voss, Lovevery, we'll, Raffi Paul Organizations: Boise -, CNBC Locations: Boise, Boise - Idaho, Boise , Idaho, Asia
New York CNN —For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. That means the lack of college degrees can’t be ignored, since Blacks and Hispanics are least likely to have a bachelor’s degree. “[D]espite the limited progress to date, our analysis shows that, for those who embrace it, skills-based hiring … yields tangible, measurable value. Skills-based hiring boosts retention among non-degreed workers hired into roles that formerly asked for degrees,” they said. The tool is aimed at lower-wage workers without college degrees.
Persons: Joe Biden, Ken Frazier, , George Floyd’s, Frazier, Debbie Dyson, Keith Wardrip Organizations: New, New York CNN, Census Bureau, , Merck, Blacks, MIT, Accenture, Yum ! Brands, Harvard Business School, Glass Institute, Directionally, Federal, Occupational Mobility, Philadelphia Fed, Federal Reserve Bank of Philadelphia Locations: New York, America, workforces, Philadelphia, Cleveland, Cincinnati
CNN —The Russian Ministry of Agriculture said Tuesday it had shipped 200,000 tons of grain in humanitarian aid to six African nations, fulfilling the Kremlin’s pledge to the continent last July. Agriculture Minister Dmitry Patrushev said late Tuesday that Burkina Faso, Mali, Eritrea, and Zimbabwe each received 25,000 tons of grain while the Central African Republic and Somalia got 50,000 tons each, Russian state news agency TASS reported. Somalia and Eritrea had previously sourced 90-100% of their grain needs from both Russia and Ukraine before the conflict, according to the UN’s Food and Agriculture Organization (FAO). ‘A strategic donation’The Kremlin’s grain initiative has been described by analysts as a “strategic” move as Putin’s African alliance broadens. So, it’s contestation.”Many African states took a neutral stance on Russia’s invasion of Ukraine in perceived loyalty to the Kremlin.
Persons: Dmitry Patrushev, Vladimir Putin, , ” Patrushev, , Godfrey Kanyenze, Kanyenze, they’ve Organizations: CNN, Russian Ministry of Agriculture, Central African, United, Agriculture Organization, FAO, Labor and Economic Development Research Institute of Zimbabwe Locations: Burkina Faso, Mali, Eritrea, Zimbabwe, Central African Republic, Somalia, United Nations, Turkey, Africa, St . Petersburg, Russia, Ukraine, rocketing
Despite threats to job security such as layoffs, the rise of return-to-office mandates, and the prospect of artificial intelligence taking over jobs, workers have realized what's akin to letting a genie out of the bottle: Their jobs don't have to be just jobs. The push to make jobs back into careers, and good jobs, is just beginning. "And we've also seen just the massive gap between CEO salaries and frontline worker pay." Even so, there's been what Bruno called a "national consciousness raising" around what a quality job is. And thinking toward a future full of quality jobs is a message workers are taking to heart.
Persons: Ingrid Vilorio, She's, Vilorio, It's, Rob Bruno, Bruno, what's, , Julie Su, Biden, Biden administration's, Su, there's, Zers —, Federal Reserve Banks, Keith Wardrip, Wardrip Organizations: University of Illinois, Workers, Treasury Department, Gallup, United Auto Workers, BI, Federal Reserve, Federal Reserve Bank of Philadelphia Locations: California, University of Illinois Urbana, Champaign, America, Philadelphia, Atlanta
Nestlé is set to close an infant formula factory in Ireland due to falling Chinese demand. China's fertility rate dropped to a historic low last year, according to experts. The report cited dropping demand for infant formula in China, which it attributed to lower birth rates, as a factor in its decision. AdvertisementAdvertisement"The market, which had previously been reliant on imported infant formula products, is also seeing rapid growth in locally-produced products," it added. The Irish facility makes infant formula products exclusively for export to Asian markets.
Persons: Organizations: Service, Development Research, China - Britain Business Council, Strategic, International Studies Locations: Ireland, Irish, Askeaton, China, Switzerland, United States
Asian Games - Hangzhou 2022 - E-Sports - China Hangzhou Esports Centre, Hangzhou, China - September 26, 2023 Players from Team China talk during the Arena of Valor Asian Games Version Final REUTERS/Ann Wang/File Photo Acquire Licensing RightsHANGZHOU, China Sept 26 (Reuters) - China won the first gold esports medal in Asian Games history in the Eastern Chinese city of Hangzhou on Tuesday by beating Malaysia in the smartphone multiplayer battle game “Arena of Valor”, to delight fans in the world’s biggest esports market. the Chinese players shouted in a huddle on the stage just before the match began, triggering another loud cheer from spectators, before taking their seats for the "Arena of Valor" final. Thailand earlier claimed the Games' first esports medal by beating Vietnam for the bronze. The market generated $445 million in 2022 or 64.8% of the Asian esports market and China boasts 400 million esports fans, also the highest number globally, according to data from leading Asian video game market analysts Niko Partners. "Esports players are not just sitting on the chair.
Persons: Ann Wang, Tapping, Jiang Tao, Xu Bicheng, esports, Yvonne Yu, , Xi Jinping, Serkan Toto, Niko Partners, Wong Kang Woon, Malaysia's, Martin Quin Pollard, Xihao Jiang, Ian Ransom, Ken Ferris Organizations: China Hangzhou Esports, Team China, of Valor, Rights, Malaysia, , Valor, Asian Games, HK, Games, China Media Group, Research, Kantan Games, Thomson Locations: Hangzhou, China Hangzhou, China Hangzhou Esports Centre, China, Rights HANGZHOU, Thailand, Vietnam
[1/2] Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsSHANGHAI, Sept 24 (Reuters) - China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday. "More importantly, we will again miss the opportunity for structural reforms." Liu proposed on Sunday a new round of structural reforms that could aid the economy immediately, while also injecting long-term growth momentum. Liu said on Sunday that China should give clearer recognition to private businesses' status, both ideologically and politically.
Persons: Tingshu Wang, Liu Shijin, Liu, Jamie Freed Organizations: People's Bank of China, REUTERS, Rights, People's Bank of China's, U.S, Bund Summit, Development Research Center, State Council, Shanghai, Thomson Locations: Beijing, China, Shanghai
Farmers across the agrarian heartland that makes Thailand the world's second-largest rice exporter should be poised to benefit. These pressures on the sector, reported in detail for the first time by Reuters, are squeezing debt-laden Thai farmers despite tens of billions of dollars in subsidies over the past decade. Successive governments have spent 1.2 trillion Thai baht ($33.85 billion) on price and income interventions for rice farmers in the last decade, estimates Somporn. The average Thai farmer's income has dwindled. Unstable income for Thai rice farmersIn the years since Sripai followed her family into the paddy fields, the challenges have multiplied, but current prices offer a rare opportunity.
Persons: Somporn, Sripai, Danai Saengthabthim, Srettha Thavisin, King Chulalongkorn, Nipon Poapongsakorn, Thailand's, KNIT's, Yingluck Shinawatra, Yingluck, Devjyot Ghoshal, Pasit, Katerina Ang, Kay Johnson Organizations: Farmers, Reuters, Research, Knowledge Network Institute of Thailand, Bank for Agriculture, Agricultural Cooperatives, Agriculture, El, National Water Resources, Thailand Development Research, Nipon, Thomson Locations: Thailand, Kaeo, Chai, India, East, Asia, Africa, Rice, Chai Nat, Bangkok, Bangladesh, Nepal, Vietnam
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth effects of Thailand's 'one-time stimulus' will probably slow after next year, economist saysKirida Bhaopichitr, director of the Thailand Development Research Institute's Economic Intelligence Service, discusses new Prime Minister Srettha Thavisin's policy statement.
Persons: Kirida Bhaopichitr, Srettha Organizations: Research, Economic Intelligence Service Locations: Thailand
He was the US Special Envoy for Syria and the senior director for Iran, Iraq, Syria and Lebanon on the National Security Council staff during the Trump administration. After that, China’s National Bureau of Statistics said it would suspend publishing youth unemployment data in the future. What does it signify that China’s national power, which today is vast, is almost certain to be weaker in the future? If Xi and his strategists have a feasible plan for nimbly averting China’s demographic doom, they are keeping very quiet about it. This brings us back to the question of national security strategies for the United States and its allies.
Persons: Peter Bergen, Peter Bergen ”, Joel Rayburn, Trump, Biden, Saddam Hussein’s, Lloyd Austin, China’s, Xi Jinping, Stephen Shaver, , Ng Han Guan, Xi, China “, ” Trump Organizations: New, Arizona State University, Apple, Spotify, American Center for Levant Studies, New America, US, National Security Council, CNN, Strategy, Pentagon, of Defense, Development Research Center, Communist Party, UPI, Manpower, Census Bureau, National Bureau of Statistics, Financial, China’s Southwestern University of Finance, Economics, Rocky, United Nations, Beijing, Pew Research Center, Communist, Trump administration’s National Security, Twitter, Trump Locations: New America, Syria, Iran, Iraq, Lebanon, Washington, China, United States, Saddam Hussein’s Iraq, al Qaeda, Ukraine, People’s Republic of China, Beijing, India, Yarkent County, China's Xinjiang Uyghur Autonomous Region, Saudi Arabia, USSR, Russia, Russia’s Ukraine, Vietnam, Korea, Italy, Japan, Taiwan, Hong Kong
A newly-wed couple pose with their marriage certificates at the marriage registration center during '520 I Love You' Day on May 20, 2023 in Chengdu, Sichuan Province of China. Local Chinese officials trying to encourage earlier marriages are offering an incentive that all newlywed couples can appreciate: cash. The reward, which is restricted to couples marrying for the first time, is meant to promote "age-appropriate marriage and childbearing," the notice said. They include abolishing the "one-child policy" that reigned from the late 1970s until 2016, which was designed to limit the number of births to prevent China's population from growing too quickly. The China Population and Development Research Center, a government-backed institution, said the number of children per woman in China was the lowest among countries with populations over 100 million.
Persons: Couples Organizations: Development Research Center, Ministry of Civil Affairs, Young, Social, Twitter Locations: Chengdu, Sichuan Province, China, Local, Changshan county, Zhejiang, Weibo
HONG KONG, Aug 15 (Reuters) - China's fertility rate is estimated to have dropped to a record low of 1.09 in 2022, the National Business Daily said on Tuesday, a figure likely to rattle authorities as they try to boost the country's declining number of new births. The state-backed Daily said the figure from China's Population and Development Research Center put it as having the lowest fertility level among countries with a population of more than 100 million. China's fertility rate is already one of the world's lowest alongside South Korea, Taiwan, Hong Kong and Singapore. High childcare costs and having to stop their careers have put many women off having more children or any at all. Gender discrimination and traditional stereotypes of women caring for their children are still widespread throughout the country.
Persons: National Business Daily, Xi Jinping, Farah Master, Angus MacSwan Organizations: National Business, Daily, Development Research Center, South, Authorities, Planning, Thomson Locations: HONG KONG, South Korea, Taiwan, Hong Kong, Singapore, Beijing, China, Hong
"Demand is being stoked by a strong jobs market, record immigration and rising mortgage rates," Donnell said. Mortgage crisisBritain's mortgage crisis has been brewing for months. Nicholas Mendes, a technical mortgage manager at mortgage broker and advisor John Charcol, told CNBC Make It that there are pros and cons to both. Prospective buyers may feel "trapped" in the rental market, which could deter them from trying to buy, they told CNBC Make It. Higher mortgage rates are prompting some of those who still have mortgages to pay off to pass on those additional costs to renters, he said.
Persons: Oliver Knight, Knight Frank, Oscar Wong, Ed Monk, Richard Donnell, Zoopla, Donnell, Monk, Nicholas Mendes, John Charcol, Mendes, Urvish Patel, Barry Naisbitt Organizations: Fidelity International, CNBC, Mortgage, Bank of, Bank of England, National Institute of Economic, Social Research Locations: Britain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThailand's public debt expected to rise due to Covid relief plans, says economistKirida Bhaopichitr of the Thailand Development Research Institute says public debt in Thailand is currently 61% of GDP, and could increase to almost 70%.
Persons: Kirida Bhaopichitr Organizations: Thailand Development Research Institute Locations: Thailand
The sole breadwinner of a family of five is about 8 million baht ($236,000) in debt and has no cash savings. In February, it said that household debt levels should be brought down from 86.9% of GDP at the end of 2022 to below 80% to help reduce financial risks. Political parties' extravagant election promises could increase the macro-economic risks posed by debt, analysts say. "There was no warning," said Achin Chunglog, president of a nationwide group of volunteers that helps people struggling with debt. In the rural hinterland, 90% of farm households have outstanding loans, according to a March study that described a "vicious cycle of debt".
China revives ruling party control of financial oversight
  + stars: | 2023-03-17 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
Greg Baker | Afp | Getty ImagesBEIJING — The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday. A new "Central Financial Commission" is set to strengthen the party's "centralized and unified leadership over financial work," state media said Thursday in Chinese, according to a CNBC translation. watch nowWhile state media did not specify, a financial work commission of the same name had been set up in the aftermath of the 1998 Asian financial crisis. Responsibilities of that party commission are borne by the restructured Ministry of Science and Technology. The State Council changes established a National Financial Regulatory Administration to oversee most of the financial industry — except for the securities industry.
The demand for lithium is rising as it has become a critical component needed in electric vehicle batteries. Zimbabwe has been mining lithium for 60 years and the government estimates that its Chinese-owned Bikita Minerals Mine, which is located 300 kilometers south of the capital Harare, has about 11 million metric tons of lithium resources. In December 2022, Zimbabwe passed the Base Mineral Export Control Act that banned the export of raw lithium. That includes Chinese firms Zhejiang Huayou Cobalt , Sinomine Resource Group and Chengxin Lithium Group which have invested $678 million into lithium projects in Zimbabwe. Both the Bikita mine, which is the largest lithium mine in the country, and the Arcadia Lithium mine are Chinese owned.
China plans to revamp finance, tech oversight
  + stars: | 2023-03-08 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +6 min
Lintao Zhang | Getty Images News | Getty ImagesBEIJING — China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator under a new entity, while doing away with the existing banking regulator. The moves also come as Beijing has increased regulation on parts of the economy that had developed quickly, with little oversight. The latest plan calls for the establishment of a National Financial Regulatory Administration, which replaces the China Banking and Insurance Regulatory Commission and expands its role. watch nowThe China Securities Regulatory Commission's investor protection responsibilities are set to shift to the new financial regulator. "China's consolidated financial regulatory body is [a] paradigm shift to ramp up oversight of its vast financial system," said Winston Ma, adjunct professor of law at New York University.
There seems to be a lot to celebrate on International Women's Day in the field of economics. Women head the International Monetary Fund, the World Trade Organization, the U.S. Treasury and the European Central Bank. "The pervasive underrepresentation of women in economics is systemic and structural," Ngozi Okonjo-Iweala, the first woman to head the World Trade Organization, told Reuters. "There are no women in the textbooks and most big names in economics are men," said Sandra Kretschmer, economics researcher and member of the Women in Economics Initiative. Women and men tend to have different research interests, said Alisa Weinberger, economics researcher at Goethe.
Venezuela's cocuy producers, however, say limited wild crops and the labor-intensive process of making the drink without additives - the prize-winning version of the liquor - are complicating efforts to increase output. Producers say there is no data on annual national production or sales because much of cocuy output is made for local consumption. A liter of 100% agave cocuy can sell for between $18 and $60, while its production costs average about $12 without commercialization costs. Of the 365 cocuy producers in Lara, whose arid and semi-arid climate makes agave abundant, just 70 make the liquor with 100% agave. The difficult production process begins by cutting back the plant's leaves to reach its "head," said Siquisique producer Nelson de la Rosa.
[1/3] A newly wed couple pose for pictures on Valentine's Day at a marriage registration office in Hangzhou, Zhejiang province, China February 14, 2023. China Daily via REUTERSHONG KONG, Feb 21 (Reuters) - Some Chinese provinces are giving young newlyweds 30 days of paid leave in the hope of encouraging marriage and boosting a flagging birth rate, the Communist Party mouthpiece People's Daily Health said on Tuesday. China's minimum paid marriage leave is three days, but provinces have been able to set their own more generous allowances since February. "Extending marriage leave is one of the effective ways of increasing the fertility rate," Yang Haiyang, dean of the Social Development Research Institute of Southwestern University of Finance and Economics, was quoted as saying. Yang said a host of other supporting policies were still needed, including housing subsidies and paid paternity leave for men.
Feb 12 (Reuters) - China should enhance incentives for people to build families and boost the birth rate as the country's now-falling population could threaten the world's second-biggest economy, a Chinese family planning expert said. Wang Pei'an, deputy director of the China Family Planning Association, said on Saturday more tax incentives should be created based on the family unit that could encourage births. Speaking at the third Chinese and Development Forum in Beijing, Wang cited a growing trend among younger generations to forestall having children. He called for more incentives around employment, medical care, social security and housing that could encourage people to build families. Reporting by Ethan Wang; Writing by Bernard Orr; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
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