Asia
There are multiple explanations for China’s mediocre productivity performance – an ageing workforce, the slowdown in key export markets after the global financial crisis in 2008, and weak consumption growth.Authorities have also sought to shift the economy away from less productive industries (such as property and traditional infrastructure), but they still account for a much larger share of economic activity than “new productive forces”. In other words, new industries are unlikely to make up for the contraction of traditional industries and the existing overcapacity will limit how much further their share can increase in the next few years.HITTING THE LIMITS…
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POLITICAL AND ECONOMIC INTERESTSThe answers point to entrenched political and economic interests. In Indonesia, governments…
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Hyun Wo-so is buried in Germany’s Krefeld city, where the former coal miner spent most…
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Further north, in central Hubei province, three were dead and four missing in floods caused…
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