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Sunday, May 29, 2016

Forecasts for China’s economy in 2016

Forecasts for China’s economy in 2016 

 

Forecasts 6.5% China growth for 2016


A man carrying a kite in the shape of the Chinese national flag walks along the Bund while buildings of Pudong's Lujiazui financial district stand across the Huangpu River as the sun rises in Shanghai, China, on Friday, Oct. 2, 2015. China's consumer inflation moderated and factory gate deflation extended a record stretch of declines, signaling the People's Bank of China still has room to ease monetary policy further to support a slowing economy. Photographer: Qilai Shen/Bloomberg

China’s economic growth will only reach the lower end of its own projections and its slowdown risks weighing on the rest of Asia, according to a report from the Asian Development Bank.
The ADB’s flagship Asia Development Outlook 2016 forecast that China’s economy would grow at 6.5 per cent this year and 6.3 per cent next year, compared with Beijing’s expectations of between 6.5 and 7 per cent for 2016 and an average of 6.5 per cent over the next five years.

The slowdown in the region’s biggest economy has knocked as much as 0.3 percentage points off the outlook for developing Asian economies because of the region’s trade and supply chain links, the ADB said.
“[China’s] growth moderation and [the] uneven global recovery are weighing down overall growth in Asia,” said Shang-Jin Wei, ADB chief economist, who added that in spite of this, the region would still contribute more than 60 per cent of global growth this year.
The bank forecast regional growth of 5.7 per cent for this year and next, down from 5.9 per cent in 2015. “Developing Asia” is a 45-country grouping used by the ADB that includes central Asia and the Pacific as well as countries in east, south and Southeast Asia.
Despite the turmoil that gripped global markets in January as investors worried that China might be slowing faster than feared, the ADB said the country’s wider economic impact was still largely limited to the region, with any negative effects of the country’s slowdown elsewhere in the world offset by gains from lower commodity prices.
Should China experience the sort of hard landing that investors feared in January — classed as “unlikely” by the ADB — the global economy would be hit much harder, knocking up to 1.8 percentage points off worldwide growth.
The report also highlighted the complexity of China’s economic relationships in the region as supply chains evolve. While manufacturing powerhouses such as South Korea have lost market share as China has moved up the value chain, others such as Vietnam have benefited from taking over lower-end production from its giant neighbour.
The effect is not just limited to technology. Bangladesh has also been a notable gainer, becoming the world’s second-largest garment exporter as China focuses on developing less labour-intensive industries.
China will continue to struggle as it shifts from investment-led growth to an economy where consumption plays a larger role, the ADB said. Last year services and consumption accounted for 4.6 percentage points of China’s overall growth, up from 3.7 in 2014.
However, the ADB warned that governments around the region, including China, needed to focus far more on boosting productivity. Almost half the slowdown in average growth in the region between 2008 and 2014 was due to moderating potential growth.

“Potential growth depends on both the growth of the labour force and the growth of labour productivity,” said Mr Wei. “While altering demographics is not something that can be accomplished within a few years, many developing economies still have tremendous room to use structural reforms to remove distortions in the labour, capital and land markets‎.”
Only Southeast Asia is forecast to see growth rates improve in 2016, nudging up to an annual rate of 4.5 per cent from 4.4 per cent in 2015, the ADB said, before picking up to 4.8 per cent in 2017. Seven out of 10 members of the Association of Southeast Asian Nations experienced weaker economic growth last year, including Indonesia, which underwent a fourth successive year of slowdown.




 

Thursday, May 12, 2016

100% Tuition Fee Scholarships for International Students, Monash University, Australia

100% Tuition Fee Scholarships for International Students, Monash University, Australia

100% tuition fee scholarships are available for international undergraduate and postgraduate (coursework) students at Monash University – Australia.


 These scholarships are available for those students commencing full time undergraduate or postgraduate degree at a Monash campus in Australia and must have received a full Monash course offer. Students may come from any disciplines except Bachelor of Medicine and Bachelor of Surgery (MBBS) or Master of Business Administration (MBA). Awardees will be asked to be profiled or participate in recruitment, Monash marketing, promotional events or materials.


Level of Education

Scholarships available for full time undergraduate and postgraduate (coursework).

Subjects or Fields of Study

Scholarships available for all subjects / fields of study offered at Monash University in Australia, except for the following subjects:
  • Bachelor of Medicine and Bachelor of Surgery (MBBS)
  • Master of Business Administration (MBA)

Amount of Scholarships

This scholarship will pay 100% tuition fees.

Duration of Scholarships

Scholarships available until the minimum number of points for your degree are completed.

Eligibility

To be eligible for this scholarship, the students must meet all the conditions below:
  • Must be international students. Students from all countries are invited to apply for this scholarships. There is no restriction or nationality criteria. However, preference will be given to students from countries with strategic priorities for Monash.
  • Students applying for full time undergraduate or postgraduate degree at Monash campus in Australia.
  • Students must have received full course offer from Monash.
The following students are NOT eligible to apply for this scholarship:
  • Students applying for MBBS or MBA are not eligible to apply.
  • Students in pathway programs are not eligible to apply.
  • Students in Australian Year 12 are not eligible to apply.
  • Students from another Australian university or transferring from another Monash campus are not eligible to apply.

Number of Scholarships Available

4 (four) scholarships are available for the most outstanding international undergraduate and postgraduate students.

Nationality

Scholarships available for all international students. There is no other restriction or nationality criteria. However, preference will be given to students from countries with strategic priorities.

Selection Criteria

Please take note on the above eligibility criteria carefully. Students will be assessed based on their academic achievements, personal statements in the scholarship application, and the candidate’s potential to be a Monash University ambassador.

How to Apply

You must apply and submit a separate application for this scholarship. The scholarship application form is available on their website. Please read the procedure carefully. Your application will only be considered when you follow their procedure.

Application Deadline

The closing dates for this scholarships are:
  • October 15
  • November 15
  • January 15
  • March 15
  • April 15
  • June 12
Please take note of the deadline. Late submissions will not be entertained!

Result Notification

Please contact Monash University to ask about the result.






Postgraduate Scholarships for International Students, Newcastle University, UK


Postgraduate Scholarships for International Students, Newcastle University, UK

 

Scholarships are available for international (non EU) postgraduate students at Newcastle University – UK, starting their studies in September 2016, academic year 2016 – 2017.

 

Scholarships are available for postgraduate taught degree at Newcastle University. For candidates applying for a degree within the faculty of Humanities and Social Sciences, or the faculty of Medical Sciences, they must hold IELTS 7.0 and a first class Honours degree. For candidates applying for a degree within the faculty of Science, Agriculture and Engineering, they must hold IELTS 6.5 and an upper-second-class Honours degree.

Level of Education

Scholarships available only for postgraduate Masters and MRes courses.

Subjects or Fields of Study

Scholarships available for the following faculties:
  • Faculty of Humanities and Social Sciences
  • Faculty of Medical Sciences
  • Faculty of Science, Agriculture and Engineering

Amount of Scholarships

This is a partial scholarship. The scholarships are valued at £2,000 and will be credited to your tuition fee account. Part-time students will receive pro-rata.

Duration of Scholarships

Scholarships only available to new students starting their studies September 2016 for 1 (one) year only. For students studying 2 year Master degree, the scholarships will be tenable for your first year only.



Eligibility

The eligibility criteria as follow:
  • This scholarships only available for new students starting their studies in September 2016, academic year 2016 – 2017. Continuing students are not eligible to apply.
  • Students who have been classified as international / overseas students. Students form UK & EU are not eligible to apply.
  • Students who have been offered a place on any postgraduate taught degree.
  • Students applying within the faculty of Humanities and Social Sciences, or the faculty of Medical Sciences must hold IELTS 7.0 and a first class Honours degree.
  • Students applying within the faculty of Science, Agriculture and Engineering must hold IELTS 6.5 and an upper-second-class Honours degree.
  • Students must not hold other fully-funded scholarships such as Chevening scholarships, Commonwealth scholarships, etc. Students breaching this regulation will have their scholarship award suspended and the University will recover any previous payments.
  • Students may hold only one scholarship in any academic year. Students offered more than one scholarships must choose the one most appropriate.

Number of Scholarships Available

Unknown

Nationality

Scholarships only available for international (non UK & EU) students.

Selection Criteria

Other than the eligibility criteria mentioned above, Newcastle University will consider each individual application on merit and allocate the scholarships based on its strategic geographical priorities.

How to Apply

You must apply through their online electronic application form. Please make sure you read the regulations carefully before applying.

Application Deadline

The closing date is May 27, 2016.

Result Notification

Please contact the Newcastle University – Student Wellbeing Service (Financial Support) for more info about the result..