...KAIST, College of Business Chinese Financial Market (FIN681) Term paper China’s New Normal Economics & Declining Growth Rate 1. Backgrounds of Chinese New Normal Economy Policy At the opening of the annual National People’s Congress (NPC), Chinese premier Li Keqiang officially announced that the growth target for China in 2015 will be of “approximately 7 per cent”, considerably lower than in the past. The announcement came as no surprise as it had been anticipated in a speech by Mr Li in Davos in February stating that the country had “entered the stage of the new normal, shifting from high speed to medium-to-high speed”. The new growth target set by Beijing is now lower than last year’s 7.5 per cent, and more than 2 percentage points lower than in the past two decades. The government’s ambitions therefore align with the recent slowdown experienced by the Chinese economy since the beginning of the financial crisis in 2008. After the first two years of Xi Jinping’s term, the Chinese economy grew by 7.4 per cent ‘only’ in 2014 – the lowest rate since 1990 – low enough to convince Chinese policy makers to shift to a new policy stance, as they realize previous growth targets are no longer sustainable. The shift to a lower but more sustainable growth target came soon after the International Monetary Fund (IMF) warned last year that a series of danger signs suggested that China would probably face a hard landing in the absence of crucial reforms. More specifically...
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...In the article, Valium’s Contribution to Our New Normal, Robin Henig analyzes the frightening overuse of anti-anxiety drugs, in particular Valium. We live in a hectic and cutthroat society, making it impossible for people to evade and escape anxiety. Though some people cope with anxiety themselves, others require the help of psychiatrists and medication. This article demonstrates the frightening aspect of how psychiatric drugs were once treated like candy and gum, something that everyone had (Henig, pg 1). Though in reality people do not ask for one another’s prescription medications, many people still carry around these drugs. People should not be comfortable asking others for prescription drugs, not because they should be embarrassed to...
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...China's `New Normal' Growth Model Is Starting to Get Expensive Enda Curran September 10, 2015 — 12:01 PM EDT Share on FacebookShare on Twitter People walk past buildings in the central business district in Beijing on Sept. 9, 2015. Photographer: Greg Baker/AFP/Getty Images) Don't Miss Out — Follow Bloomberg On * ------------------------------------------------- Facebook * ------------------------------------------------- Twitter * ------------------------------------------------- Instagram * ------------------------------------------------- YouTube ------------------------------------------------- Recommended Fed Liftoff Has Futures and Economists at Odds for Next Week The U.S. Economy Is Just Starting to Tap Into a Big Source of Dry Powder One Chart That Shows How Petrified Everyone Is Over China * $236 billion spent boosting stocks, reserves down $286 billion * Mizuho sees fixed asset investment of $1.6 trillion in 2-3 yrs Share on FacebookShare on Twitter When Premier Li Keqiang took the stage Thursday at the World Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders that although China faces challenges, growth is on track and fundamentals remain sound. The upbeat message is all part of a ‘New Normal’ narrative from China’s leadership as the economy transitions from relying on heavy industry and debt to one driven by consumption and services. What Li didn’t mention was the spiraling bill associated with...
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...l in Zimbabwe Understanding the “new normal” in Zimbabwe The term ‘new normal’ is a term coined by Mohamed El-Erian, co-chief investment officer of Pimco, a California investment firm to refer to the situation the world found itself in after the Global Financial Crisis (GFC) of 2008-2010. From a global perspective, this phenomenon has led to mixed fortunes on the economies of different countries. Characteristic of the ‘new normal’ is the remarkable gaining of economic influence of the East due to the growing shift in global economic activity from West to East. Emerging Markets (Ems) proved to be a force to reckon with due to the increased flow of capital between the (Ems) themselves and to industrial countries as well as due to the increase in their stake or share in the global output from 40% in 1990 to 50% and expected to grow to 60% by 2035. The Global recession resulted in a deliberate greater government intervention in most countries to save respective banking systems from collapsing. As a result, there is a significant role to be played by governments in the economies of most countries which might have a negative impact of financial protectionism in some instances or lead to greater global financial coordination and transparency. In the ‘new normal’, the West has lost its ability to set the global agenda as seen in the transition from a G-7 to a Group of 20 which includes players in the Emerging Markets like Brazil, Russia, India, China, South Korea, Saudi Arabia...
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...Update Anomaly – Cannot update information without changing information in many places. To update customer information, it must be updated for each sales order the customer has placed Normalization is a three stage process – After the first stage, the data is said to be in first normal form, after the second, it is in second normal form, after the third, it is in third normal form Before Normalization 1. Begin with a list of all of the fields that must appear in the database. Think of this as one big table. 2. Do not include computed fields 3. One place to begin getting this information is from a printed document used by the system. 4. Additional attributes besides those for the entities described on the document can be added to the database. Before Normalization – Example See Sales Order from below: Fields in the original data table will be as follows: SalesOrderNo | Date | CustomerNo | CustomerName | CustomerAdd | ClerkNo | ClerkName | ItemNo | Description | Qty | UnitPrice | | | | | | | | | | | | | | | | | | | | | | | Think of this as the baseline – one large table Normalization: First Normal Form * Separate Repeating Groups into New Tables. * Repeating Groups Fields that may be repeated several times for one...
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...Running Head: DATABASE NORMALIZATION Database Normalization *************** IST 7000 October 2006 Table of Contents ABSTRACT 3 Brief overview 4-5 Types of Normal Forms 5-9 Advantages and Disadvantages 9-10 Normalization Best practices 10-11 Conclusion 11-12 References 13 Appendix A 14 Example Normal Form Diagrams 15 Abstract In relational databases, normalization is a process that is used to eliminate redundancy, reduce the potential for anomalies during data processing, and maintain data consistency and integrity through out the database. It is a design technique used primarily as a guide in designing relational databases. Normalization is essentially a two step process that puts data into tabular form by removing repeating groups and then removes duplicated data from the relational tables. The theory of normalization is based on the concept of normal forms introduced by Edgar F. Codd in 1970. I choosed this topic because this is one of the areas in my role as a database administrator where I’m weak. During my training as a database administrator, I was never really offered a database design class, however, while at work, I have been occasionally given the challenging task of reviewing a data model and giving...
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...Leukemia The body is composed of little cells, such as skin cells, muscle cells, heart cells, nerve cells, and bone cells. These cells turn a bit bigger, then divides to shape new cells as the body needs them (1,2). After that, when cells become old or get to be harmed, they die then a new cells take their place (2). On the other hand, in a cancerous cell this systematic breaks down (2). These cancerous cells turn out to be abnormal, old, or harmed. As a result, the process of normal cell division is different from the process of cancer cell division. Leukemia begins in the soft, inward part of the bones (bone marrow), yet regularly moves rapidly into the blood. It can then spread to different parts of the body, for example, the lymph hubs, spleen, liver, and the central nervous system (3)....
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...Data Dictionary and Normalization Guidelines The purpose of a data dictionary is to define the objects and data within an organization's database management system. This metadata does not contain any of the database's data, but only information about the structure, storage and use of the database's data. A data dictionary can be stored in files or documents, or can be stored within a database in the DBMS. For example, a database may contain an employee table that has an emp_no column and an identification_no column. A data dictionary can explain that the emp_no column is an integer value containing the employee number assigned by the system. When a new employee is added to the system, a next number value is retrieved from a next number table and assigned to the new employee record. The data dictionary would also explain that the identification_no column is an alpha-numeric value that contains the employee's social security number for US residents and for non-US residents contains the employee's country code followed by their work visa number. The data dictionary can also be used to define aliases for the column names since column names can become a bit cryptic. It can also provide information regarding different type of database objects such as tables, views, stored procedure, user groups, functions, triggers, etc. Furthermore, it can also provide information on how database objects are related to one another. An important aspect of a data dictionary is that it provides...
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...is a very common occurrence. As distressing as it can be, especially with the concerns of having a new baby, the hair loss is simply indicating that your hair is slowly but surely returning to it's normal condition. There are two hair growth phases that we need to take into account when looking at hair loss after pregnancy. There is a growth period that can last anywhere from 4 years to 7 years. This is called the "Anagen" phase with hair growing approximately 1-2 cm a month. After each growth period there is a resting phase known as The "telogen" phase. This period of the hair growth cycle lasts for 3-4 months typically, whereupon the growth phase signals the beginning of a new cycle. What happens during this part of the cycle, is that older hair falls out due to the new hair growing and pushing it out of the follicle. In normal conditions it is normal to lose up to 100 hairs per day....
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...human cells grow and divide to form new cells as the body needs them. When cells grow old or become damaged, they die, and new cells take their place. When cancer develops, however, this orderly process breaks down. As cells become more and more abnormal, old or damaged cells survive when they should die, and new cells form when they are not needed. These extra cells can divide without stopping and may form growths called tumors. Many cancers form solid tumors, which are masses of tissue. Cancers of the blood, such as leukemias, generally do not form solid tumors. Cancerous tumors are malignant, which means they can spread into, or invade, nearby tissues. In addition, as these tumors grow, some cancer cells can break off and travel to distant places in the body through the blood or the lymph system and form new tumors far from the original tumor. Unlike malignant tumors, benign tumors do not spread into, or invade, nearby tissues. Benign tumors can sometimes be quite large, however. When removed, they usually don’t grow back, whereas malignant tumors sometimes do. Unlike most benign tumors elsewhere in the body, benign brain tumors can be life threatening. Differences between Cancer Cells and Normal Cells Cancer cells differ from normal cells in many ways that allow them to grow out of control and become invasive. One important difference is that cancer cells are less specialized than normal cells. That is, whereas normal cells mature into very distinct cell...
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...Questions: (1 pt each response, 7 pts total) 3. What does your data indicate about the rate of cell division in cancerous tissue compared to the rate of cell division in normal tissue? What data did you use to answer this question? Answer: By comparing table 3 (normal cell tissue table) and table 4 (cancerous cell tissue table) I found that cancerous cell tissue has much faster rate of cell division. Specifically, I looked at the mitotic indexes on both tables and found that cancerous cell tissue actively divides at a much faster rate than normal cell tissue. 4. Which type of cancer is the fastest growing? Explain your answer, using your relevant data. Answer: By looking at the mitotic index side of table 4 (cancerous cell tissue table) I found that ovarian cancer has the fastest growth rate. 5. With what you have observed in this lab, if you were to compare tissue sample from normal breast tissue and cancerous breast tissue: a. Would you expect to see a difference in the rate of cell division...
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...The shift must have been an increase in supply. I agree with the above statement, because a change in supply affects the price and quantity of the product. a. An increase in supply (a shift rightward of the supply curve) causes the price to fall and the quantity to increase. b. A decrease in supply (a shift leftward in the supply curve) causes the price to rise and the quantity to decrease. 3. During 2007, incomes rose sharply for most Americans. This change would likely lead to an increase in the prices of both normal and inferior goods. When individuals have more income, they are normally more likely to purchase a good at any given price. For example, if a family’s income rises, it is more likely to take that summer trip to Disney World—and therefore also more likely to buy plane tickets. So a rise in consumer incomes will cause the demand curves for most goods to shift to the right. Why do we say “most goods,” not “all goods”? Most goods are normal goods— the demand for them increases when consumer income...
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...Prenanatal exposure to androgen or the media both show influences (Kenyon, 2006). To be in consideration of normal a boy child should play with a truck and a girl a doll. Many children like to experiment, such as a little boy who wants to try on his “mommy’s” shoes. The able normal behavior occurs if the little boy prefers mommy’s clothing over that of his specific gender. Although in society no one seems to look twice at a women wearing men’s clothing. It is difficult to define what normal and abnormal behavior by gender and sexual preferences or practices in a changing world. The DSM-II defines sexual orientation disorders as a person who is in conflict with his or her own sexual identity, disturbed by the sexual identity, or a desire to change his or her own sexual identity (DSM-II Homosexuality_Revision.pdf, 1973). This should not be in confusion with homosexuality. Homosexuality is the sexual activity between two members of the same gender (Lecture 21, 2010). Homosexuality was historically a sexual deviation disorder according to the DSM-II. However, during the 60s and 70s the definition of homosexuality was reexamined and was no longer thought to be a disorder. The reexamination states defining homosexuality as a disorder was on a basis of values not on the collection of data. The DSM-III made the changes necessary to form a new category for homosexuality and a new name of ego-dystonic homosexuality (Lecture 21, 2010). This diagnosis, however, is for those individuals who...
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...tables: All the necessary detailed tables along with their attributes (fields) and identifiers (primary keys). The first step of normalization is to copy all the data fields of the form and put them into a single relation (table) with a specific identifier (main primary key). Project data (Proj_Code, Title, Manager, Budget, Emp_Id, Emp_Name, Dept_Id, Dept_Name, Hour_Rate) PS: We did not include the fields "total staff number" and "Average rate" because they are calculated fields, so no need to put them or save them into the relation. Then we have to go through three main steps, from one form into another form, to reach the final normalized design of the data. These steps are known as the three normal forms (1st NF, 2nd NF, 3rd NF). How to move to the first normal form (1NF): A relation is said to be in its 1NF if the following constraints apply: - No repeating groups exist in the relation. - Each relation has its own primary key. So, to reach the 1NF we have to find all the repeating...
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...BUSINESS SUCCESS IN THE NEW NORMAL Business Success in the New Normal BUSINESS SUCCESS IN THE NEW NORMAL The PESTLE is a tool that businesses use to help determine and identify components within a business environment. The PESTLE tool break down consists of Political, Economic, Social, Technical, Legal and Environmental dynamics. Most businesses deal with these issues and business leaders rely on the assessment of these dynamics to help a business forecast and make determinations. According to Amanda Dcosta (January 2, 2012) “the tool allows the assessing of the current environment and potential changes. The idea is, if the project is better placed than its competitors, it would be able to respond to changes more effectively. The PESTLE tool provides its users with factors that need to be well researched and brainstormed”. The PESTLE tool gives managers an edge on their business strategies. It helps a business determine early on how the business might be impacted of influenced by changes in Politics, Economic, Social aspects, Technical changes, Legal and Environment issues. Managers want to know what drives these changes and how they will influence the business and its performance. The tool is designed to help managers structure their thoughts so they can make the best decision for the company based on the analysis of each element in the PESTLE. Business that would use the analysis of the PESTLE tool might be Marathon data Systems (software), Human Resources...
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