Dawn Properties reported an after profit of $480 000 in the six months to June from a loss of $371 000 last year, as the company cut costs by almost 50 percent. The group’s cost cutting measures included reducing its staff by 60 percent which resulted in operating expenses in the half year period declining
In a presentation on investor risk and opportunity in China Professor Stephen Kotkin argued that unless China can improve its education system, the country will remain in the middle-income trap. Kotkin questioned whether investors might seek growth in Asia outside of China.