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...years of the plan, more than 60% of the costs will be borne by provincial and local governments. That burden will increase after 2011, meaning poorer western regions may be slower to achieve the blueprint's goals. "Health care reform is a long-term process," deputy finance minister Wang Jun told a news conference April 8. "It is impossible to invest the money today and make tangible process tomorrow...

Author: /time Magazine | Title: China's New Healthcare Could Cover Millions More | 4/9/2009 | See Source »

...limited incomes of the poor. The dollar-dominated system has also allowed the U.S. to finance its budget and trade deficits at a low cost, which perpetuated the global imbalances that contributed to the current economic crisis. A system like the one proposed by Beijing, argues Deutsche Bank economist Jun Ma, would make it possible "for China and many other countries to avoid being victims of the systemic risks generated by domestic economic problems and policy mistakes in issuing countries of major reserve currencies...

Author: /time Magazine | Title: Is the Almighty Dollar Doomed? | 4/6/2009 | See Source »

...great time in the Dominican Republic. Wish I could tell you about it." - after Palm Beach International Airport authorities caught him with a bottle of Viagra with a prescription that was not in his name. The Rush Limbaugh Show, reprinted on CBSNews.com, Jun...

Author: /time Magazine | Title: Conservative Radio Host Rush Limbaugh | 3/4/2009 | See Source »

...everyone is so convinced. The current improvement in data "is not big enough to warrant optimism" that a recovery is around the corner, says Eric Fishwick, head of economic research at brokerage CLSA in Hong Kong, who has maintained his 5.5% growth estimate for 2009. Jun Ma, an economist at Deutsche Bank, argues that China will experience a "double-dip" or "W-shaped" recovery. While the economy may show signs of life in the near term, he believes the current upturn will fizzle and the economy won't hit a final bottom until the first half...

Author: /time Magazine | Title: China's Economy: Rare Signs of Optimism | 2/27/2009 | See Source »

...decades of migration from poor rural areas to faster-growing, coastal cities - is most visible at the Guangzhou train station, where hundreds of migrants, all bearing suitcases and shopping bags crammed with their worldly belongings, sit outside for hours waiting to board trains home. On Nov. 26, Zhang De Jun, 35, was one of them. For 10 years, he said, he worked in a sweater factory not far from Dongguan. His wife, seated next to him, worked at a toy factory. Both had lost their jobs. Like millions of other migrants, Zhang said each month he had sent part...

Author: /time Magazine | Title: A Blue Christmas at China's North Pole | 11/28/2008 | See Source »

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