Almost all of China’s gold goes to meet domestic demand, since companies are not allowed to export gold.
Under these conditions, he argues, the Fed cannot only trigger crises itself; it can also increase the vulnerability of EMs to crises provoked by other factors.
WardsAuto will present its Top 10 Engines awards on Jan. 15 at a ceremony held in conjunction with the North American International Auto Show in Detroit.
Followers are also getting younger and better educated, with 77.8 percent in the 17-to-33 age group and 75 percent with a higher education.
"Hard to believe so many doctors lied in the papers. Can patients still trust them to help us treat diseases?" wrote one Sina Weibo user.
4. OPEC’s Next Move.OPEC deserves a lot of credit (or blame) for the remarkable downturn in oil prices last year.While many pundits have declared OPEC irrelevant after their decision to leave output unchanged, the mere fact that oil prices crashed after the cartel’s November meeting demonstrates just how influential they are over price swings. For now OPEC – or, more accurately, Saudi Arabia – has stood firm in its insistence not to cut production quotas. Whether that remains true through 2015 is up in the air.
Song “The Spring Blossom” (Na Ying)
Headquarter shifts: With Toyota leaving for Texas and Mercedes headed toward North Carolina or Georgia from New Jersey, look for Subaru to chart its own path when it builds its new headquarters. One option: Moving closer to its customers by relocating in Vermont.