Fewer workers: Workers at the assembly line of X5 SUV of Zotye Auto in Hangzhou, Zhejiang province recently. China’s unemployment has been flat at 5.1 because the labour force shrank by 4.87 million due to the aging labour force and return of migrants to the inland provinces. – EPA
AS Asian corporate and financial leaders migrate to Davos for the World Economic Forum for their annual binge, the global financial markets seem to be saying that 2016 is on the brink, with the Dow Jones Index losing up to 11% since Jan 4.
The worry is all about crashing oil prices, China slowing, IS popping bomb attacks all over the place, European migration and slowing global growth. At the same time, confidence in political leadership is not helped by Donald Trump’s racy remarks in the run-up to the US presidential elections.
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