The government is boosting the numbers by developing programs as Russia faces deficit of medical staff. The main reason for the lack of doctors is a low salary and many other opportunities at pharmaceutical companies or abroad. The shortage is more apparent in rural localities. President Putin promised to double doctors´ salaries regional averages by 2018. However those monetary incentives still lag behind what can be make at private pharmacy in Russia or a clinic in Europe.
As a result of the financial situation in state-run hospitals many doctors are quitting their professions to go to pharmaceutical industry and many students are opting for different university subjects due to long many years´ study followed by a low paid job.

For more, click here.

China will let small and private companies to use junk bonds, in order to make it easier for companies to obtain credit. Currently eighty percent of the bonds issued in China are backed by State credit and most of the rest come from large companies that have AAA or AA ratings, which indicates that they are risk-free. The interest rate of the bonds should be lower than three times the national benchmark interest rate.
 New policy excludes real estate developers and financial firms from the pilot program. Junk bonds will give companies an alternative mean of raising capital, when they have trouble getting bank loans. This type of bonds carries high risks, but also gives high yields. However rules to govern the investors and trading markets for the bonds still need to be clarified.

For more, click here.

Green buildings should account for 30 percent of new construction projects by 2020.  According to experts this means “green construction” sector will be an economic breakthrough in terms of expending country´s energy-saving efforts.  Speaking in numbers the green market will leverage with a trillion yuan. Furthermore green constructions promise to reduce millions of tons of materials. Currently the property sector is responsible for 50 percent of the country´s steel consumption and 60 percent of cement consumption. New projects will be subsidized according to a three-tier grading system, where the first-tier buildings will get 80 yuan subsidy per square meter. Government will take concrete measures to strengthen fiscal support and prioritize funding to encourage the construction of green buildings.

For more, click here.

Two countries reached 67 agreements in the economic dialogue, concerning financial cooperation, bilateral trade and macro economic issues. The US will now quickly examine the Bank of China and the Agricultural Bank of China´s applications for branches in the US. Some US banks, namely JPMorgan Chase and Morgan Stanley, may also gain more control over underwriting operations in China.
The only US companies that currently have control over their local ventures in China are Goldman Sachs Group and UBS AG, but the results of dialogue will open Chinese market further. Additionally the bilateral trade will gain from significant reforms to China´s currency regime which would lead to further appreciation of yuan against the dollar and other major currencies.

For more, click here.