China’s strong economy is expected to surpass that of the US by the end of the decade, with Chinese sales of goods to the rest of the world continuing at an astonishing rate.
China’s trade surplus surged 48.1 percent to $231.1 billion in 2012 from the previous year, though total trade volume grew at a much slower pace, official data showed on Thursday. This report come from today’s edition of channelnewasia.com. The story further states:
“Exports from the world’s second-largest economy rose 7.9 percent to $2.05 trillion, while imports increased 4.3 percent to $1.82 trillion, Continue reading “China’s growing economic fortunes”
Germany exports it’s old and sick
“Inhumane” is the term being used to describe Germany’s new practice of exporting ailing seniors.
Growing numbers of elderly and sick Germans are being sent overseas for long-term care in retirement and rehabilitation centres because of rising costs and falling standards in Germany, reports todays issue of The Guardian.
“The move, which has seen thousands of retired Germans rehoused in homes in eastern Europe and Asia, has been severely criticised by social welfare organisations who have called it ‘inhumane deportation. But with increasing numbers of Germans unable to afford the growing costs of retirement homes, and an ageing and shrinking population, the number expected to be sent abroad in the next few years is only likely to rise. Experts describe it as a ‘time bomb.’ Continue reading “Germany exports it’s old and sick”