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HK scored higher on both banking and financial services, financial markets, with an increase in the size and efficiency of its banking sector and strong equity and bond markets. These markets profit strongly from the contribution of mainland Chinese companies. For example, in 2011, 43% of firms listed on the HK Stock Exchange were mainland Chinese companies, accounting for 56% of the Exchanges market capitalization. The United States occupies the second place. Its score has increased a little since last year, which shows an improvement in the financial stability as its banking system is becoming more stable. This also shows that their banks are preparing for regulatory reform and strengthening the balance sheets.
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I don't know who the "many" are, but I recall them to include Rachael Maddow. Are you calling Maddow a liar?Well, finally we agree on something. And of course, those stupid your characterization not mine African Americans should have known that they had to vote for Hillary. After all, she was as Black as Biden. Obama's "bailout of the financial sector" was as Dylan Ratigan put it when describing the CARES act one of the greatest frauds ever perpetrated on the American Public. But what the hell, Americans are all racists and too stupid to realize they've been had.
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So while workers enjoy higher earnings and productivity increases when they move from rural to urban activities, the percentage of income that goes directly to workers declines. But even as household incomes expand, rising savings rates mean that consumption has not kept pace. This stems in part from precautionary savings by households that do not have total confidence in the newly created pension schemes and by the 200 million migrant workers who lack formal residency rights hukou and are therefore reluctant to spend as freely as established residents. Things will change, but it will take time. The other major factor influencing the lower share of household consumption in China is that income from investments and government transfers accounts for a much smaller share of disposable income than in other countries. In a socialist economy with all land and major assets owned by the state, the returns from these assets accrue largely to the state and not to private households. Under these conditions, the state needs to provide a much larger share of public social expenditures to supplement household consumption. But social expenditures in China as a share of GDP are way below the norm. Disagreements over Chinas economic trajectory will continue, as these changes will not happen overnight. But if government spending for social services could be increased by say 3% of GDPwhich would be beneficial for Chinathis could by itself eliminate Chinas trade surpluses and reduce the protectionist sentiments that are now becoming a contentious issue in the West. RTE News reported today that unemployment in the Eurozone hit a record high of 11.
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