Cempaka Business and Economy: Asian Development Bank set to appoint first Chinese chief economist

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Sunday, May 25, 2014

Asian Development Bank set to appoint first Chinese chief economist

Want China Times, Staff Reporter 2014-05-25

Dr Shang-Jin Wei attends the "New Openness in China" forum held
at Beijing's Tsinghua University, Oct. 17, 2012. (Photo/CFP)

For the first time in its 48-year history, the Asian Development Bank (ADB) will invite a Chinese national to serve as its chief economist, reports the Shanghai-based China Business Daily, citing bank sources on May 23.

Dr Shang-Jin Wei, a professor of finance and economics at Columbia University in the US, may soon be appointed as chief economist of ADB, while serving concurrently as director of its Economics and Research Department. ADB has yet to announce the appointment as of press time, however.

Wei has been a shining star among Chinese economists. He has held the position of professor at Columbia's Graduate School of Business since 2007 and is also director for the National Bureau of Economic Research's (NBER's) Working Group on the Chinese Economy. His main academic research has focused on such fields as international finance, international trade, government's governance and reform, the Chinese economy and macroeconomics.

According to rankings of a total 31,000 global economists issued in 2012 by IDEAS, a RePEc (Research Papers in Economics) service hosted by the Research Division of the Federal Reserve Bank of St Louis, Wei ranked in 152nd place, the best ranking among Chinese economists.

When Justin Yifu Lin wound up his four-year service as chief economist of the World Bank in June 2012, Wei was one of the hottest candidates for the post. Some in the economics circle even commented that as far as academic achievements and age are concerned, Wei will most likely become the first Chinese national to win the Nobel Prize for Economics.

In a recent e-mail to Shanghai's National Business Daily in response to questioning on the rumors, Wei said, "As ADB has yet to announce the appointment, I have no comment on it." But he acknowledged to the paper that if the appointment becomes a reality, he will be first native Chinese to serve as ADB's chief economist in its history.

ADB's current chief economist, Changyong Rhee, is from South Korea, while his predecessor, Dr Jong-Wha Lee, was also South Korean. The bank's current deputy chief economist Zhuang Juzhong is Chinese, however.

After graduating from Fudan University in Shanghai in 1986, Wei received his masters in economics from the University of Pennsylvania in 1988, and receive a masters in business administration (finance) and a PhD in economics from University of California, Berkeley in 1991 and 1992, respectively.

Wei's outstanding performance in the economics field has mainly resulted from his dedicated research efforts, China Business Daily said. Wei's most prominent research paper in China is a NBER working paper titled "Tracing Value-added and Double Counting in Gross Exports."

The research paper found that China contributes a value-added of only US$6 to the entire global supply chain of Apple's smartphones for each iphone assembled in the mainland, but the whole export value of US$358 for each iphone exported from China is calculated into the nation's gross exports. It marked the first time for a Chinese economist to use the value-added accounting method to figure out how China's gross exports are seriously bloated.

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Sunday, May 25, 2014

Asian Development Bank set to appoint first Chinese chief economist

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