Below is the production schedule foe the Winter 2013 edition of insight. Remember if you have any questions or would like to get involved in writing or producing insight, don’t hesitate to get in touch at firstname.lastname@example.org
23rd September – Introductory Meeting We have booked out Room 8.06 in the David Hume Tower to have an introductory meeting explaining all the processes behind insight and introducing all the new people to the staff and allowing them to ask any questions that they may have.
FB Link to the Introductory Meeting
6th October – Proposal Deadline This is the deadline for sending in your article proposals to email@example.com In your proposals we ask that you summarise the main points and arguments that you plan to make in your article. Please be quite specific as this allows us to get started producing the magazine as early as possible.
3rd November – First Draft Deadline If your proposal is successful you will be assigned a sub-editor who is there to help give you feedback and advice on how your article can be improved. This date is the deadline for getting your first drafts into them.
17th November – Final Draft Deadline This is the very final date for getting your final drafts into your sub-editors. It’s very important that this date is strictly adhered to as we need plenty of time to actually produce the magazine and get it printed.
Early December (Exact Date TBA) – LAUNCH PARTY On this date we will have an insight Launch party where you can all get your hands on the latest copy of insight. Also at this event the £100 CRCC Asia Writing Prize will be announced and presented by a representative of their company.
Also remember to add us on facebook to stay up to date with all the goings-on!
Here is this month’s China-focused economics editorial I write for the Global China Connection…
Property Prices Keep on Rising
This month data has emerged that property prices are continuing to rise throughout China. A new housing price index has shown that prices have risen 8.9% since the same point last year.
Although China’s Premier Li Ke Qiang has previously stated his wish to curb property prices, he now faces a tricky economics dilemma. On one hand rapidly increasing property prices can be indicative of an asset bubble, where which prices speculatively rise well beyond their actual value before crashing and plummeting the economy into serious trouble.
On the other hand growth in China has been unexpectedly weak recently, GDP growth rates only reached 7.5%, well below the 8.0% expectation. Property and real estate has been a stalwart of solid growth compared to other sectors. Li must balance restraint with exuberance to avoid an asset bubble but still allow the property section to continue driving Chinese growth.
Factory Output Contracts in May
Manufacturing in China has contracted in May for the first time in 7 months. The Purchasing Manager’s Index (PMI) reached 49.6 in May, down from 50.4 in April, A PMI value of over 50 represents growth and under 50 represents contraction.
May’s PMI data is one of many economic indicators showing that the Chinese Economy is slowing beyond expectations. The era of high growth is indeed over, and China’s GDP growth rates will slowly decrease over the coming decades to developed economy levels.
How the Chinese leadership reacts to this slew of disappointing data will provide an important test of their commitment to long-term stability. Attempting to buoy the economy with stimulus packages to return to 8+% GDP growth masks the inevitable slow down and exacerbates future problems. Accepting slower rates may not be politically ideal but creates a solid foundation for continued, solid growth into the 21st Century.
So here it is, the new edition of Insight magasine. I’m sure you will all agree with me that the quality of writing and design are getting better with edition. Big thank you to everyone who contributed and gave up their time to make this possible.
Here is April’s edition of Ian Billett’s monthly economics editorial for the Global China Connection…
Written by: Ian Billett, Assistant Editor
Edited by: Kiefer Cheng,Editor-in-Chief
China’s GDP growth dips to 7.7%, but is on a sustainable track
The National Bureau of Statistics reported in April 2013 that GDP growth for the first quarter of 2013 was 7.7%, down from 7.9% in the fourth quarter of 2012. This was significantly lower than Reuters’ 8.0% estimated and raised concerns among investors that China’s economy is heading for a downturn.
Last month, insight writer Ian Billett had the honour of being approached by the Global China Connection and invited to write a monthly China-focused economics editorial to be circulated in their monthly newsletter which reaches thousands of students all over the world. The Global China Connection is a nonprofit, nonpartisan organization for university students of all nationalities looking to engage about China’s emergence as an global power. They aim to promote understanding and worldly awareness by connecting students from eastern and western cultures. Given how critical smooth global integration is to all of our futures, GCC has an important mission that everyone should embrace. Here is the first economics editorial that was featured in the GCC newsletter on the 4th April…
Written By: Ian Billett, Assistant Editor
Edited By: Kiefer Cheng, Editor-in-chief
Xi Jinping (President) and Li Keqiang (Premier) officially appointed to the National People’s Congress
Welcome to the website for insight, Edinburgh University’s economics magazine run for students by students. This website will be used to keep everyone up to date with the latest issues of the magazine, events of the Edinburgh University economics society as well as comments and analysis on current affairs by some of the UK’s leading student economists.
We are always keen to find new writers to join our ever expanding team in providing detailed analysis of current world economic trends. If you think this could be you please get in touch at firstname.lastname@example.org