We heard a lot about westerners life style, like
independant, open mind, fkk everywhere.......but some of things confuse
me all the time, everyone coming from their parents, then parent feed
kids, raise them to grow up, get education, teaching them everything.
In China, when children turn into an adult and earn living, we always
pay back to our parent by part of our salary, for me, I give my Mom
almost a half of my salary each month. but I never take that as a money
issue, I think it's a kind of grateful mind, your parent born you, raise
you, they paid out their time, their kind, their patience, their
energy....... so we should appreciate back to them by all we have......
so but why westerners leave home when he 18 years old, some people even
never meet their parent again after leaving......... do u hate ur parent
to bring u to this world or what? and why don't u appreciate for your
parent kindness on raising you, accompany you all the time when u were
kid........
it's so strange, I'm wondering.........
In its outlook update report, the Asian
Development Bank warns that unfavourable demographic structures can cut
growth by 1 per cent a year. In China, the proportion of elderly to
working age people could quadruple between now and mid-century.
Inflation, with its usual trail of social unrest and violence, looms on
the horizon.
Hong Kong – An aging population
and rising inflation could hurt Asian growth. If governments do not
address these issues, economic recession and social spending could jump,
this according to the Asian Development Bank (ADB). In its outlook
update report, the bank expects lower growth and rising inflation. For
this reason, governments must make structural reforms in the coming
years.
Specifically, the ADB cut its growth forecast for developing Asia to 7.5
per cent in 2011, from its earlier projection of 7.8 per cent.
Excluding Japan, which is still reeling from the tsunami six months ago,
the bank attributed the moderating growth of Asian economies to ongoing
worries about the health of the US and European economies.
However, the main factor is the continent’s demography. "Asia's
population is aging at a speed unprecedented in human history," said
Changyong Rhee, chief economist at ADB. China, for example, is expected
to see the proportion of elderly to working age people quadruple between
now and 2050, surpassing the United States.
In the last three decades, those countries that had favourable age
structures added more than 1 percentage point to average annual per
capita gross domestic product growth, the ADB said.
However, China’s one-child policy has undermined that favourable
condition, increasing the number of elderly in need of government
assistance and cutting the number of revenue generating workers.
Inflation is the other major threat, the report found. In fact, the
inflation rate for developing Asia is expected to average 5.8 per cent
this year. That is higher than an initial estimate of 5.3 per cent in
April.
The world’s economic downturn is the cause, especially the United
States’ inability to create jobs and Europe’s persistent failure to
tackle its debt crisis.
All these factors have prompted South Korea, Indonesia, Malaysia and the
Philippines to avoid raising interest rates this month after boosting
them earlier this year.
Still, policy makers need to be prepared for greater volatility in
capital flows and the persistent threat of rising prices, the ADB said.
(AsiaNews)
