View online | Unsubscribe (one-click).
For inquiries/unsubscribe issues, Contact Us














?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng
?
?
Learn more about Jeeng


Want to accelerate software development at your company? See how we can help.
Want to accelerate software development at your company? See how we can help.

Why China’s economy won’t be fixed - The Economist   

WHATEVER HAS gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history. Farm reform, industrialisation and rising incomes lifted nearly 800m people out of extreme poverty. Having produced just a tenth as much as America in 1980, China’s economy is now about three-quarters the size. Yet instead of roaring back after the government abandoned its “zero-covid” policy at the end of 2022, it is lurching from one ditch to the next.

The economy grew at an annualised rate of just 3.2% in the second quarter, a disappointment that looks even worse given that, by one prominent estimate, America’s may be growing at almost 6%. House prices have fallen and property developers, who tend to sell houses before they are built, have hit the wall, scaring off buyers. Consumer spending, business investment and exports have all fallen short. And whereas much of the world battles inflation that is too high, China is suffering from the opposite problem: consumer prices fell in the year to July. Some analysts warn that China may enter a deflationary trap like Japan’s in the 1990s .

Yet in some ways Japanification is too mild a diagnosis of China’s ills. A chronic shortfall in growth would be worse in China because its people are poorer. Japan’s living standards were about 60% of America’s by 1990; China’s today are less than 20%. And, unlike Japan, China is also suffering from something more profound than weak demand and heavy debt. Many of its challenges stem from broader failures of its economic policymaking—which are getting worse as President Xi Jinping centralises power.

Continued here



?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng
?
?
Learn more about Jeeng




?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng
?
?
Learn more about Jeeng


Japan’s porn industry comes out of the shadows - The Economist   

KURUMIN AROMA, a 33-year-old YouTuber who lives near Tokyo, used to dream of becoming a singer. A decade ago, a man approached her on the street and asked her to be a swimsuit model. He also offered to pay for singing classes and help her succeed in the entertainment business. After some cajoling, she agreed. On the day of the photo shoot, she was coaxed into getting naked. She ended up appearing in several porn videos. Beset by feelings of shame and fear, Ms Kurumin considered committing suicide. “I kept thinking: what went wrong with my life?”

The Japanese porn industry is enormous. It is estimated to churn out 4,500 videos a month, to generate about 55bn yen (about $380m) a year, and to employ around 10,000 performers. While it has shrunk since its peak in the early 2010s it remains a significant export, including to South Korea, where the production and distribution of pornography is officially banned. Taipei, Taiwan’s capital, once issued metro cards stamped with the picture of a popular Japanese porn starlet.

The Japanese industry long existed in a legal grey zone. That changed in May 2022 when the government passed a law targeting the sort of coercion Ms Kurumin had experienced. It obliges companies to sign contracts with performers, and to clarify what they are expected to do during shoots. For such a law to have passed Japan’s male-dominated parliament (only 15% of legislators are women) was a “miracle”, says Shiomura Ayaka, who, as a member of the opposition Constitutional Democratic Party, initiated it.

Continued here




?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng

?
Learn more about Jeeng
?
?
Learn more about Jeeng


You are receiving this mailer as a TradeBriefs subscriber.
We fight fake/biased news through human curation & independent editorials.
Your support of ads like these makes it possible. Alternatively, get TradeBriefs Premium (ad-free) for only $2/month
If you still wish to unsubscribe, you can unsubscribe from all our emails here
Our address is 309 Town Center 1, Andheri Kurla Road, Andheri East, Mumbai 400059 - 93544947