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标题: Bloomberg BusinessWeek, Feb 1, 2016 (I) [打印本页]

作者: choi    时间: 2-4-2016 17:02
标题: Bloomberg BusinessWeek, Feb 1, 2016 (I)
本帖最后由 choi 于 2-4-2016 17:59 编辑

(1) Jesse Drucker, Switzerland, USA; Moving money out of the usual offshore tax havens into Nevada & South Dakota is a brisk business. (in the column Opening Remarks)
http://www.bloomberg.com/news/ar ... s-the-united-states

My comment: The print version is somewhat different. though core messages are the same.
作者: choi    时间: 2-4-2016 17:04
(2) Dexter Roberts, China Trumpets Its Service Economy.
http://www.bloomberg.com/news/ar ... its-service-economy

"a young worker is zigzagging on his three-wheeled motorcycle through Beijing traffic. He’s rushing to deliver packages to consumers who have bought everything from socks to candelabra on Alibaba’s Tmall 天猫 [formerly Taobao Mall] shopping website. He says he can make as much as 6,000 yuan ($909) a month, if he works 12-hour-plus days, seven days a week. 'The more you work, the more you can make. But it’s truly exhausting,' he says."

"Beijing is crawling with motorcycle-mounted deliverymen, one sign of the rapid growth of China’s service industries. Services grew 8.3 percent last year and for the first time generated more than half of gross domestic product, or 50.5 percent. Manufacturing rose only 6 percent.

"Service businesses are largely clean * * * And services generate more jobs per yuan of [economic] output [or GDP]

US economy, which derives almost 80 percent of GDP from services. A large part of 2015’s [China's] gain from services came from the financial sector. It grew 15.9 percent as China’s stock markets soared in the first half of the year. * * * says Christopher Balding, associate professor at Peking University HSBC Business School in Shenzhen[,] 'But it is very unlikely it will be repeatable in 2016.'

In China: "About 60 percent of total services, including real estate [and transportation and logistics], 'are closely related to the industrial sector,' he [Andrew Batson, Beijing-based China research director at consultant Gavekal Dragonomics] says. 'That means services growth is going to be significantly slower this year than it was last year. GDP will also significantly slow down.'

"Regulatory barriers to competition in finance, health care, and telecommunications, areas dominated by government-connected companies, hinder growth in services. 'So much of it is still state-owned,' says Andrew Polk, senior economist at the Conference Board China Center for Economics and Business.

"China’s service sector now employs more than 300 million people, the largest share of the country’s 775 million workers. The fastest growth has been in low-end jobs in retail, restaurants, hotels, and real estate. Over the last five years, education and government jobs, most of which are filled by college graduates, have fallen from a little less than half of total service employment to a third or so. Finance’s share has also fallen, says Albert Park, professor of economics at Hong Kong University of Science and Technology. 'The higher-skilled sectors—telecoms, information technology, computers, finance, and business services—are still not a large share of the total service industry,' he says.

Note:
(a) summary underneath the title in print: It accounts for half of GDP. The pay isn't great
(b) quotation underneath the title in print: "The more you work, the more you make. But it's * * * exhausting”

(c)
(i) candelabra (n): "a branched candlestick or lamp with several lights"
www.merriam-webster.com/dictionary/candelabra
(illustration)
(ii) The www.m-w.com does not present etymology. In fact, "candelabra" is the plural form of "candelabrum" -- the latter, rather than the former (in singular form), is the dictionary form in both www.oxforddictionaries.com and http://www.etymonline.com/ (Online Etymology Dictionary), with exactly the same definition (that is, both Latin words (singular and plural in Latin) becomes a single or one branched candlestick in English.
(iii) The English noun candelabrum is directly from Latin noun neuter candelabrum. The latter is from Latin noun feminine candela candle. In turn "candela" is from Latin verb candere be white or glisten (the genus of Candida albicans 白色念珠菌 shares the same root)
(iv) The English noun chandelier was French, that descended, too, from candela, in turn from candere.





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