Breeze on at Etchells Worlds:
Belvedere, CA (September 28, 2017) – Racers were overly eager on the third day of racing in the 2017 Etchells World Championship. Unlike the previous two days, a consistent 8 – 10 kt westerly filled in by noon and racing started on schedule, except for a general recall in race five. Racers were pushing hard at the restart. The consistency story of this regatta is the performance of the top Corinthian team, Senet Bischoff (USA), Ben Kinney, and Clay Bischoff. With a third in the first race, a bullet in the second, their lead on the competition has widened. Full Report.
Full Article: Scuttlebutt Sailing News – Breeze on at Etchells Worlds, Assoc Editor
The Corinthian Conundrum:
Play nice or play to win? In this Sailing World report, Jonathan Mckee ponders this competitive tussle we have every time we line up to race.
I was racing on an owner-driven J/70 at a recent regatta, and we were a little early while approaching the start. We luffed our sails to slow. Then I saw it: a boat coming in from behind with speed. We bore away to accelerate and defend our hole, but we were too slow to match its speed.
The other boat, crewed by an experienced match racer, sailed close to leeward and luffed us. We tried to respond but it was so close, there w…
Full Article: Scuttlebutt Sailing News – The Corinthian Conundrum, Editor
The World Bank released a quarterly report on China on Wednesday, analyzing different aspects of China’s economic growth and policies, as well as forecasting future trends and providing policy prescriptions to advance economic sustainability.
The report observes that economic growth has somewhat leveled off to a rate of 9.6 percent year-on-year in the third quarter of this year, with shifts in the dynamics of the economy.
Domestic consumption and investments have slowed slightly, and China continues to lead in exports, but lags in imports, increasing the existing trade surplus.
As growth has stabilized and will continue to do so in 2011, the report states, there is an even more pressing need for the Chinese government to push for economic reform while the window of opportunity is still open. The World Bank suggests that by injecting flexibility into its macroeconomic policies, China will be better prepared to respond to changes in the economy and better protect its growth.
In the report, the Washington-based bank forecast that China’s economic growth will slow slightly to a more modest, but still strong, 8.7 percent, slightly up from its previous estimate of 8.5 percent.
The report also stresses that the government must loosen restrictions on the private sector, in order to temper the private investment environment and encourage investment, and thereby reach the goals recently set forth in China’s 12th Five-Year Plan. These actions include reducing unnecessary and burdensome bureaucratic processes, as well as encouraging fair competition between state and private industries.
Another policy prescription offered by the World Bank addresses China’s environmental issues, and the need for the government to implement regulations on environmental standards in order to promote sustainable economic growth. Suggested reforms include innovation in green energy technology, as well as market reforms, which would encourage the development of the green energy sector.
The quarterly update remains optimistic in the sustainability of China’s economy; however, it also emphasizes the risks that China faces if it fails to firmly implement economic reforms and improve the quality of economic growth.
This article was written for India and China news source, 2point6billion.com, which was established by Chris Devonshire-Ellis. Chris Devonshire-Ellis also contributes to the China-Briefing.com