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First came Hollywood, then India’s Bollywood. Now, China’s Jiangsu province is hoping Huallywood will be the next film production site to make international waves. As a prime example of the China’s steady migration toward services-led growth, Wuxi Studio—developed on the site of a former iron and steel factory—is trying to attract college students and independent artists. 
Indian Prime Minister Narendra Modi visits the U.S. with the intention of driving engines of growth for his country’s ever-growing population.
Asia Weekly: Feeding India
With its approximately 220 million rural poor, India struggles with its food security. Indian authorities have been driving some initiatives to benefit the poor and unemployed long term, the most notable of which has been the issuance of a system akin to the United States’ social security program. But the focus needs to be on execution and, obviously, results. Asia Weekly examines these issues and possible resolutions. 
It has been well-documented amongst equity traders that September has historically been the worst-performing month of the year. Do seasonal patterns in stock market performance mean investors grow more cautious after summer vacation?
In recent weeks, North Korea has threatened military retaliation against the U.S. and South Korea while at the same time boosting economic ties and opening a border trade zone with China. To outside observers, North Korea’s recent military provocations and the trade developments may appear at odds with one another. However, recent history indicates that the regime has consistently manufactured an unpredictable appearance in negotiations.
Macroeconomic statistics are easy-to-use guideposts, but just because everyone looks at something one way doesn’t mean it’s the best way. Such is the case with wage trends in Japan which we think are a bit better these days than what headlines may suggest. Asia Weekly explores.
The term “emerging markets” first began as an optimistic label, but now, in the minds of most investors, often seems to be followed by the word “crisis.” The phrase initially became a euphemism for “risky” or “unfamiliar.” However, once the phrase began to be used in benchmarks, it was stuck for all eternity—even if countries improved their capital markets, grew richer, and adopted many of the institutional reforms that the West wanted. This week, Matthews Asia’s Chief Investment Officer Robert Horrocks, PhD, examines the reasons why he believes it is time to think of the investment globe as split geographically, not as a split between developed and emerging.
Asia Weekly: RMB Changing Course
Almost 10 years ago, Matthews Asia Portfolio Manager Sherwood Zhang changed tack in his career. This week, he explores the turns taken both in his career and the related path of China’s renminbi policy.
Not long ago, an eastern coastal province in China—widely known for its dominant economic role of the private sector—had a mark against it precisely because of this dominance. Zhejiang Province had suffered a credit crisis in 2011 when informal credit markets in the province seized up. Numerous companies teetered on the verge of bankruptcy before the local government stepped in to save it from collapse. The province then began to develop more lucrative domestic opportunities in the services sector. This week, we examine the lessons to be learned from Zhejiang’s growth rebound. 
China’s media market appears quite underdeveloped in terms of private enterprise. Take sporting events, for example. In China, where media remains strictly controlled, authorities simply have not allowed the development of a private media industry that is able to devote as many resources to growing the sports and entertainment industries that are blossoming.
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