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Is the recession ending?
15-Aug-2009
The South China Morning Post (p. B1) reports town in the Pearl River Delta have lost
many workers due to factory closures. The paper quotes the mayor of Dongguan as
saying 1 in 4 migrant workers were made redundant (1.34 million of 5.4 million
people). Assuming no loss in productivity, does this imply that real production has
fallen by 25%? How can the PRC be on a path to achieve 7% real growth?
11-Jul-2009
Baolian Wang suggests that decreased PRC applications to HK universities reflect poor
job prospects in Hong Kong. The financial crisis has made jobs in the PRC relatively
more attractive (and HK jobs relatively less attractive). PRC jobs may also be more
stable.
29-Jun-2009
The South China Morning Post (p.A2) reports that mainland student applications to
Hong Kong universities have plummeted. Applications have fallen between 22%
(Baptist Univ) and 50% (Shue Yan Univ). Applications at my university (HKUST) are
reported to have fallen 32%. It seems the cost of sending a student from the PRC to a
HK university is the main culprit. The annual tuition at HK Univ is reported at HK$
100,000 or US$ 12,850. Is the PRC's upper middle facing tough times? Are they
cutting back on educational expenses? If so, how much are they spending on luxury
and durable good?
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Other Postings:
---------------------------------------------------------------
Is the recession ending?
15-Aug-2009
The South China Morning Post (p. B1) reports town in the Pearl River Delta have lost
many workers due to factory closures. The paper quotes the mayor of Dongguan as
saying 1 in 4 migrant workers were made redundant (1.34 million of 5.4 million
people). Assuming no loss in productivity, does this imply that real production has
fallen by 25%? How can the PRC be on a path to achieve 7% real growth?
11-Jul-2009
Baolian Wang suggests that decreased PRC applications to HK universities reflect poor
job prospects in Hong Kong. The financial crisis has made jobs in the PRC relatively
more attractive (and HK jobs relatively less attractive). PRC jobs may also be more
stable.
29-Jun-2009
The South China Morning Post (p.A2) reports that mainland student applications to
Hong Kong universities have plummeted. Applications have fallen between 22%
(Baptist Univ) and 50% (Shue Yan Univ). Applications at my university (HKUST) are
reported to have fallen 32%. It seems the cost of sending a student from the PRC to a
HK university is the main culprit. The annual tuition at HK Univ is reported at HK$
100,000 or US$ 12,850. Is the PRC's upper middle facing tough times? Are they
cutting back on educational expenses? If so, how much are they spending on luxury
and durable good?
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