1. Art and Diseño

2015 年 01月 30日星期五
Joanna Zhou (周娜), now
residing in Knoxville TN,
immigrated to Indianapolis
with her husband from Beijing
in 2013, where she worked in
Human Resources for a U.S.
Fortune 500 company. She
enjoys her new life with her
husband and kept in touch
with her IAAT friends and
readers by contributing to this
column.
China 2014 growth at 24-year low
China’s economy grew 7.4 percent in 2014, in line
with market expectations and registering the weakest
expansion in 24 years, the National Bureau of Statistics
(NBS) said Tuesday. The reading was slightly below
the government target of around 7.5 percent for
the year, as authorities are at pains to transform the
economy onto a more sustainable track while tackling
a housing slowdown, softening domestic demand and
weak global recovery.
2014GDP增速创24年新低
国家统计局发布消息称，经初步核算，去年国
内全年GDP总量达到63.6万亿元，同比增长7.4%，
略高于此前预期的7.3%。从规模看，去年GDP总量
史上首次突破60万亿元大关，也是首次超越10万
亿美元，但还是创下了24年来的增速新低。
China plans national park at major
riverheads
China plans to build a national park in the
Sanjiangyuan region, the cradle of the Yangtze, Yellow
and Lancang rivers in northwest China’s Qinghai
Province. The park will cover more than 30,000
square kilometers, including the rivers’ sources in
Madoi, Zhidoi and Zadoi counties. If the plan is given
the green light, construction can begin as early as the
end of this year.
青海三江源国家公园建设规划编制完成
作为中国国家公园体制试点省份之一，目前青
海省已编制完成《青海三江源国家公园建设规
划》，这也是中国首部国家公园建设规划。青海
省位于青藏高原东北部，是世界上海拔最高、面
积最大、河湖分布最集中的地区之一，作为长
江、黄河、澜沧江的发源地，长江总水量的２５
％、黄河总水量的４９％、澜沧江总水量的１５
％都来自这一地区。青海全省湿地面积超过８１
０万公顷，占中国湿地总面积的１５％以上，是
中国乃至亚洲重要的生态屏障和水源涵养区，素
有“中华水塔”美誉。目前，青海国土面积中已
有９０％被列为禁止开发或限制开发区域。
China leads growth in foreign student
numbers in New Zealand
The number of foreign students studying in New
Zealand from January to August 2014 was up by
12 percent year on year, led by rising numbers of
Chinese students, according to a government report
out Wednesday. The report from the Education New
Zealand agency showed 93,137 international students
were enrolled in primary, secondary and tertiary
institutions during that period. Over the same period,
the value of New Zealand’s international education
industry rose by 258 million NZ dollars (197.55
million U.S. dollars) to 2.85 billion NZ dollars (2.18
billion U.S. dollars), said the report. Notable growth
came from China, India and Indonesia, with China
being the single biggest market. Student enrollments
from China were up by 2,978, or 12 percent, while
29.1 percent of international student spending came
from China.
新西兰中国留学生逆势增长 人数占25%位居
榜首
新西兰移民局最新统计数据显示，中国留学生
逆势增长，而印度却成为新西兰技术移民最大的
来源国家。3月15日，新西兰年度移民趋势和展望
报告公布，共有18,843人通过技术移民获得新西
兰永久居留权。其中印度就业移民人数上升了27%
Business/Perspective 经济/论谈
。印度裔技术移民人数首次超过英国，其增长的
主要因素是留学生在新西兰毕业后留下工作，进
而获得永久居留权。年度报告在留学生来源的比
例上显示，中国仍以25%位居榜首，其后是印度的
13%、韩国的10%。就目前来看，中国留学生数量
仍在不断增长。但印度的就业及移民数量却在不
断上升，已取代了英国。
Car ownership tops 154 million in China in
2014
China added a record 17 million new cars on the road
in 2014 as car ownership reaches 154 million, said
the Ministry of Public Security on Tuesday. Strong
demand for cars has helped the automobile replace the
motorcycle as the main method of transportation. Cars
made up 58.6 percent of total motor vehicles, a sharp
rise from 43.9 percent five years ago. The number of
people obtaining driving licenses also ballooned from
219 million in 2013 to 247 million as of the end of
2014, said the ministry, adding 29.7 million drivers
have fewer than one year’s driving experience. Of the
35 cities which have more than one million cars each,
ten have more than two million cars, including Beijing,
Chengdu, Shenzhen, Tianjin, Shanghai, Guangzhou
and Chongqing.
2014年中国汽车保有量净增1707万 达历史最
高水平
公安部交通管理局27日晚间发布消息，近年
来，我国机动车和驾驶人迅猛增长，近五年机动
车年均增量1500多万辆，驾驶人年均增量2000多
万人。截至2014年底，全国机动车保有量达2.64
亿辆，其中汽车1.54亿辆；机动车驾驶人突破3
亿人，其中汽车驾驶人超过2.46亿人。汽车保有
量达1.54亿辆，新注册量和年增量均达历史最高
水平。随着我国经济社会持续快速发展，群众购
车刚性需求旺盛，汽车保有量继续呈快速增长趋
势，2014年新注册登记的汽车达2188万辆，保有
量净增1707万辆，均为历史最高水平。汽车占机
动车的比率迅速提高，近五年汽车占机动车比率
从43.88%提高到58.62%，群众机动化出行方式经
历了从摩托车到汽车的转变，交通出行结构发生
了根本性变化。全国有35个城市的汽车保有量超
过百万辆，北京、成都、深圳、天津、上海、苏
州、重庆、广州、杭州、郑州10个城市汽车保有
量超过200万辆。
China’s 2015 GDP growth forecast at 6.8 pct
Mr. Kim is the Chief
Operation Officer and
Chief Compliance
Officer for Kirr
Marbach & Co. LLC,
an investment adviser
based in Columbus
IN. Please visit www.
kirrmar.com.
Anybody who drives a car knows the price of oil
has dropped dramatically over the past 6 months.
According to AAA, the national average price for a
gallon of Regular was $2.12 on January 13, down
18% from $2.58 in just a month and down 36% from
$3.31 a year ago. I smile every time I fill my Yukon.
Since the start of 2010, the price of a barrel of U.S.
benchmark Light Sweet Crude oil traded in a fairly
tight band between $80-$110, averaging $92 for the
5-year period ending December 31, 2014. Crude oil
reached its 2014 high of $107.26 on June 20 before
plummeting to $53.27 at year-end, down 50% to a
5-year low.
At a basic, Economics 101 level, an imbalance has
developed between supply and demand. According
to Strategas Research Partners, U.S. production has
almost doubled, from 4.7 million barrels per day in
2008 to 9.0 million barrels per day, due in large part
to the shale oil boom. This helps explain why U.S.
oil imports from OPEC are down 42% over the same
period. On the demand side of the equation, while
the U.S. economy has been strengthening, Europe
and Asia have been slowing.
The December 22 & 29 edition of The New Yorker
offered a clear explanation of how this supply/
demand imbalance has translated into crashing
prices in, “How Low Can Oil Go?” Over the shortterm, supply and demand for oil are “price-inelastic,”
which means they don’t respond to changes in prices
as quickly as other goods.
For instance, if prices increase, consumers don’t
An international business publication is recognizing
three MBA programs in the state. The Financial
Times ranks the schools at Purdue University, Indiana
University and the University of Notre Dame among
the top 100 in its annual Global MBA Rankings.
Sun King’s Second Brewing Operation
Progressing
The state’s second-largest brewer has completed
another step in its planned 40,000-square-foot
production facility in Fishers. Indianapolis-based Sun
King Brewing Co. has completed the purchase of
nearly 13 acres at Delaware Park, where it will serve
as an anchor for other potential development.
Airport Authority Inks First Land Deal
The Indianapolis Airport Authority has crafted
an $8 million deal for its land use initiative. Earlier
this week, IAA hosted an open house for people who
wanted to learn more about the 1,200 acres of airport
property going back on the market.
IU Lauds Record IT Grant Total
Indiana University says its information technology
researchers won more than $20 million in federal
grants in 2014. The university says the funding, which
is a school record, is allowing researchers to use big
data to analyze issues ranging from climate change to
drug discovery.
Study: Indiana a Regional Broadband
Leader
Ball State University’s Digital Policy Institute says
Indiana is in position to remain a regional “broadband
overachiever.” A new study released by the group
suggests several steps the state can take to capitalize,
including easing regulations, developing more uniform
statewide policies and creating a rural broadband
advisory center. Senior Fellow Barry Umansky says
commercial carriers have pumped nearly $5 billion
into broadband infrastructure in recent years.
Indy Sets Convention, Tourism Records
Visit Indy says 2014 was a record-breaking year for
convention and tourism business. The organization is
reporting more than 880,000 convention hotel room
nights have been booked for future dates, which is the
most since its founding in 1923. The group says many
factors led to the record, including the National Rifle
Association announcing its national conference will
return to the city in 2019 and 2023. Visit Indy says it
also broke records for summer weekend leisure hotel
Indy Asian American Times
Web Site: www.indyaat.org
immediately drive less and producers can’t just open a
spigot. Similarly, if prices decrease, consumers don’t
automatically drive more. Wealthy producing countries
like Saudi Arabia want to maintain market share, so
don’t cut production. Countries on shakier economic
footing, like Russia, Venezuela and Iran, desperately
need revenue, so can’t cut production. Similarly, many
producing companies have significant debt obligations
to meet if they want to stay in business, so have to keep
pumping, regardless of price.
With supply and demand essentially fixed over the
short-term, small changes in either (or both, in this
case) can lead to relatively large changes in price. In
addition, commodity-based hedge and index funds
have attracted billions from investors who probably
believed oil was more likely to rise to $150 than fall
to $50. So, it’s very possible some of these funds are
being forced to liquidate positions into a falling market
(sound familiar?).
I have no idea where the price of oil will settle, but if
oil averages its 2014 year-end level in 2015, Strategas
estimates U.S. consumers would save $192 billion,
representing quite a tax cut. With consumer spending
accounting for almost 70% of the U.S economy, this is
a clear positive. On the downside, the Energy sector
represents 8% of the market capitalization of the S&P
500 (12.3% of the S&P 500’s earnings) and its capital
expenditures 1% of U.S. nominal GDP.
There is an old adage in the oil business; “The cure
for high oil prices is high oil prices.” Over the longterm, supply and demand will adjust and the corollary
is also likely to be true; “The cure for low oil prices is
low oil prices.” Enjoy them while they last!
The opinions expressed in these articles are those
of the author as of the date the article was published.
These opinions have not been updated or supplemented
and may not reflect the author’s views today. The
information provided in these articles does not provide
information reasonably sufficient upon which to base
an investment decision and should not be considered
a recommendation to purchase or sell any particular
stock or other investment.
room nights and website visits.
Amazon on Board With Indiana Wind Farm
Amazon.com Inc. (Nasdaq: AMZN) is working with
a California company on a planned 150-megawatt
wind farm in Benton County. Pattern Energy Group
Inc. (Nasdaq: PEGI) says the Amazon Web Services
Inc. Wind Farm at Fowler Ridge could be operational
by the end of the year and power “current and future”
data centers.
MBA Programs Appear on Global Rankings
近日，各大机构、银行和经济学家预测2015年
中国经济的表现。据梳理统计，几乎所有的外资
机构都完成了对2015年中国经济的预测。其中，
四家外资机构对2015年中国GDP增速的预测基本相
近，在6.8%～7.2%中间。最乐观的是摩根大通，
该行预测，2015年中国全年经济增长7.2%，从环
比来看，第一季度仍是下行，第二季度和第三季
度会好转。摩根士丹利和高盛都预测2015年中国
经济增速为7.0%，高盛进一步称未来几年中国经
济增长轨迹可能会进一步放缓。预测最低的是野
村证券，野村证券预测2015年中国GDP将从2014年
预计的7.4%降至6.8%、2016年继续降至6.5%。野
村证券是目前市场上唯一一家对中国经济增速预
测低于7%的外资行。
7
Enjoy low oil prices, while they last
China’s 2015 GDP growth forecast has been
maintained at 6.8 percent, as further policy support and
export recovery is expected to help bolster the sluggish
economy, said UBS on Monday. “December and Q4’s
better than expected data will unlikely trigger any
immediate significant new easing measures for now, but
the first rate cut may happen (around) March or April,
when even lower CPI (consumer price index) and PPI
(producer price index) are reported,” said Wang Tao,
chief China economist with UBS, said in a research
note. Wang added that policy support will intensify in
2015 with accelerated pro-growth measures in areas
such as price, social safety net and hukou (household
registration) reform, and more infrastructure projects.
2015年中国GDP增速预测
Indy Asian American Times
Friday, January 30, 2015
Indy Lands Another Nonstop Flight
Frontier Airlines is adding nonstop service between
Indianapolis International Airport and HartsfieldJackson Atlanta International Airport. The flights are
set to begin in March. The carrier will also offer sameplane direct service to Miami International Airport.
Pacers Fans Rank Among NBA’s Best
An international business publication is ranking fans
of the Indiana Pacers seventh best in the NBA. Forbes
considered factors such as hometown crowd reach,
television ratings, attendance and merchandise sales.
‘Hoosier Promise’ Would Help Fund
Community College
Legislation proposed by State Senator Mark Stoops
(D-40) would cover two years of community college
or technical training for participating Indiana high
school students. The “Hoosier Promise” program is
patterned after a Tennessee law that has been lauded
by education leaders, including Ivy Tech Community
College President Tom Snyder.
Startup Could Hold Final Piece of 3-D
Printing Puzzle
An Indiana startup says it’s going to “cut through
the hype” surrounding a new trend in manufacturing.
The excitement centers on 3-D printing technology, a
relatively new concept in the industry that involves a
type of robot “printing” a three-dimensional object.
Guided by a computer, successive layers are laid down
until the object is complete. However, Crawfordsvillebased Frontier Additive Manufacturing says a problem
lurks within those layers that compromises the quality
of the finished product. It’s a glitch that has puzzled
engineers and stunted the adoption of 3-D printing, but
the startup says it’s cracked the code to unleash the
method’s true potential.
Italian Companies Invest in Indiana
Two Italian auto suppliers have announced plans
to bring operations to Indiana. OMR Automotive
says it will invest $10 million into a new operation
in Speedway and create up to 60 jobs by 2016. Also,
Sirmax has announced it will locate its first North
American production facility in Anderson. The
company plans to pump $25 million into the project
and add 50 jobs. Both announcements were made
during Governor Mike Pence’s economic development
mission today at the North American International
Auto Show in Detroit.
Email: [email protected] [email protected]
P.O. Box 852, Carmel, IN 46082-0852