Corporate Strategy & Reorganization Advisory Services


There are several companies in the market who provide corporate strategies & restructuring advices to those companies who are not so well settled or who are facing problems in their growth. If you do not follow the company strategies properly then you can face such problems, but in many cases companies are even unable to find out what are the causes due to which they are not booming. Some companies understand the cause but they are unable to correlate the symptoms of that cause. So to understand their flaws they prefer to contact those management consultants who offer Corporate Strategy & Restructuring Advisory Services.There are some companies also who provides these services to their subordinate companies or their clients with whom they work on joint venture basis.

But still any enterprise cannot take risk by consulting any other company so it’s always good to consult a management consultant, because this is their profession so they understand their clients in much better way.There are several management consultants available in Delhi, NCR, India that provides these services but a very consultants are there who have a group expert who knows how to resolve these problems professionally.

Among all such experts Caston Corporate advisory services is one well known name. Caston experts understand where the problems actually exist. They provides following services.??? Investment Banking Services ??? Mergers & Acquisitions Advisory ??? Corporate Advisory ??? Debt Syndications & Business Valuation ??? Project Finance ??? Hedge Fund Advisory ??? Fundraising Advisory ??? Corporate Restructuring ??? Financial Risk Management ServicesIf Caston experts feel that any two companies can work together in much better way, then they emphasis on their amalgamation & in case if there is any problem in the company’s corporate strategies due to which the company is not getting good output or they are not getting a good turn over, then Caston advices & emphasis on corporate restructure. urge their clients for company’s mergers & demerger and if the companies face any problem in dealing with other company then Caston experts known how to negotiate the deal.

Brauchen Sie Dienstleistungen wie Gebäudereinigung von unserem Partner Clean Concept Plus , die in Köln und Umgebung Facility Services auf höchstem Niveau anbieten. Mit einem digitalen Service-Point und einem persönlichen Kundenbetreuer inklusive, stellen wir sicher, dass wir uns effizient mit Ihrem Unternehmen in Verbindung setzen.
Brauchen Sie Dienstleistungen wie Gebäudereinigung von unserem Partner Clean Concept Plus , die in Köln und Umgebung Facility Services auf höchstem Niveau anbieten. Mit einem digitalen Service-Point und einem persönlichen Kundenbetreuer inklusive, stellen wir sicher, dass wir uns effizient mit Ihrem Unternehmen in Verbindung setzen.

Can Iron Cut Burrs for Aluminum Revolutionize Your Metalworking?

CARBIDE BURRS www.burrs4less.com

What if one fine day you look forward to enhance your metalworking capabilities and achieve precise, efficient, and clean cuts in aluminum? Very well, in that case, iron cut burrs for aluminum might seem like a nice option. At the same time, it is crucial to explore the functionality and purpose of iron cut burrs and how they can elevate your metalworking projects. Keeping your concerns in mind, we’ll provide key information to help you make an informed decision when considering iron cut burrs for aluminum. • Versatility for Aluminum: Iron cut burrs specifically designed for aluminum offer exceptional versatility in metalworking projects. These burrs feature specialized flutes and cutting edges that excel at removing material from aluminum surfaces. Whether you’re shaping, deburring, or smoothing aluminum, iron cut burrs provide efficient stock removal while maintaining precision and minimizing heat buildup. With the right iron cut burr, you can achieve smooth finishes and intricate details in your aluminum workpieces. • Extended Tool Life: One of the significant advantages of using iron cut burrs is their extended tool life. These burrs are constructed using high-quality materials, such as carbide, which ensures excellent durability and wear resistance. The combination of a robust build and optimized cutting geometry enables iron cut burrs to withstand the demands of aluminum machining, resulting in longer-lasting performance and reduced tool replacement costs. • Effective Chip Control: Aluminum machining often presents challenges related to chip control. However, iron cut burrs designed for aluminum are engineered to address this issue effectively. The unique flute design and chip-breaking features of these burrs promote efficient chip evacuation during the cutting process. By facilitating proper chip control, iron cut burrs for aluminum help prevent chip clogging and ensure smoother cutting operations, leading to improved productivity and surface quality. • Compatibility with Various Tools: Iron cut burrs compatible with a wide range of tools, including die grinders, rotary tools, and CNC machines. This versatility allows you to choose the most suitable tool for your specific application, whether it’s handheld work or automated machining. Regardless of the tool you use, incorporating iron cut burrs into your aluminum machining process can enhance your efficiency and deliver precise, professional results. Whether you’re working on automotive parts, aerospace components, or some personal projects, iron cut burrs offer a reliable and efficient solution. Achieve Efficiency and Precision in Cast Iron Machining When it comes to machining cast iron, having the right tools is crucial to achieve optimal results. That’s where cast iron burrs with extended shanks come into play. With their unique design and extended shank length, these burrs offer distinct advantages for working with cast iron materials. The extended shank provides added reach and stability, allowing you to access hard-to-reach areas and maintain control during the machining process. Whether you’re deburring, shaping, or creating intricate details in cast iron, the extended shank on these burrs enhances your efficiency and precision. Experience the power of cast iron burrs with extended shanks and take your cast iron machining to the next level. Final Wrap Unlock the full potential of your aluminum metalworking projects with iron cut burrs for aluminum. With their versatility, extended tool life, effective chip control, and compatibility with various tools, these burrs can revolutionize your metalworking experience. When searching for high-quality iron cut burrs for aluminum, turn to Carbide Tools for Industry. Our commitment to excellence ensures that you have access to top-notch tools that deliver precision, performance, and reliability. Upgrade your aluminum machining capabilities today with iron cut burrs from Carbide Tools for Industry. www.burrs4less.com

The Key Risk to Global Recovery And Stability


The key risk to global recovery and stability “A worst-case scenario, by which essential oil costs bounce to $200/bbl would pose serious dangers to worldwide growth, inflation and policymaking. Asia, being a heavy essential oil importer, may be the most vulnerable region…” this can be extracted from company check International’s (BMI) newly released MENA Crisis: The important danger To worldwide Recovery And Stability, which examines the effects of common uprisings in your center East and North Africa for your region’s evolution, as properly as the result belonging to the unrest around the economies of Asia, Europe, Africa, and Latin America. All this at a time when Saudi Arabia’s vitamins and minerals marketplace is coming of age – as noted in your forthcoming April difficulty of intercontinental nation in your area is totally immune to experiencing large-scale interpersonal unrest, based on BMI. Indeed, the upcoming ‘Day of Rage’ in Saudi Arabia highlights the increasing dangers to regimes that had been previously assumed for being fundamentally stable. important findings: Operator fatigue is viewed as a significant issue inside the industry, implicated in as a lot as 65% of all haulage truck accidents. in contrast to other options inside the marketplace, the ASTiD program actions the steering dynamics from the haul truck, also it utilizes advanced signal digesting and modeling to ascertain the chance of fatigue-related impairment in true time. “Modular is committed to delivering options that improve the degree of security inside the mine,” stated Michael Lewis, Modular VP of revenue and Marketing. “Fatigue is of unique attention because of its frequent involvement in heavy gear mishaps and incidents.

Our alliance with FMI enables us to provide state-of-the-art, unobtrusive fatigue detection engineering as component of any IntelliMine?? system.” FMI has also compiled a detailed established of instruction programs and companies for assisting firms in numerous establishments to decrease the threat of driver fatigue-related accidents. educational investigation and crucial personnel through the LSRC carry on to help and function with FMI to enhance the ASTiD method and provide actually far better options for managing fatigue risk.

From The Federal View


Each state has a Workers’ Compensation Program intended to protect workers who are injured or become ill due to a job-related event. As for Federal employees, this type of protection is provided under the Federal Employees’ Compensation Act, or FECA. All Federal employees and Postal workers are covered under this act. In addition to these workers, employees of the Maritime industry and U.S. Contractors working overseas are protected under FECA. The purpose of FECA is the same as that of state Workers’ Compensation. This act allows for Medical expense compensation, various types of therapy and rehabilitation along with lost wages and disability if necessary. There is another program relating to this type of coverage. The War Hazards Compensation Act, WHCA, covers all employees of U.S. Contractors working outside the country. Considering the involvement of the U.S. in hostile overseas environments the importance of this act has grown. This is because one of the hazards covered is hostile detention.

Although the premiums involved in covering employees is the responsibility of the agency employing the worker, they are generally lower than ones charged by Insurance providers in the Private sector. Before these Federal acts were passed, workers were awarded compensation only after legal proceedings. It might be interesting to compare the U.S. to other countries regarding protecting its workers. Australia, for example, began covering workers in the late 19th and early 20th century. The government of Australia was also more expedient in establishing work-place safety regulations which must be met by all employers. Each territory is responsible for the enforcement of Federal regulations and will administer and enforce all payments and regulations. Although it is called by the same name, “welfare” is much different in Brazil than in the U.S. In Brazil welfare is more of a voluntary Social insurance. For those who choose to participate, the coverage includes Brazil’s version of Unemployment insurance. This coverage provides what would compare to disability, the inability to work due to maternity and even the payment of wages lost because of imprisonment.

Payment of lost wages is the responsibility of the employer for the first fifteen days. After that period, welfare takes over paying up to 75 percent of the workers average wages. There are other acts established by the Federal government in regards to worker injury. The Merchant Marine act, also known as the Jones Act, was passed in order to provide protection those who are employed in “maritime” occupations. This was done because many fishermen work for boat owners who have very small crews, making them exempt from normal state Workers’ Comp. programs. The Longshore and Harbor Workers Compensation Act provides protection for those working in jobs, other than on boats, which are related to the Maritime industry. Should a miner fall ill to Black Lung Disease, and the mine owner not be capable of paying benefits and compensation, the Black Lung Benefits Act will provide the needed coverage. All of these additional programs were designed so as to provide compensation for workers who under normal circumstances be left behind.

A Quick Glance at Indonesias Revised Transfer Pricing Regulation


A balance between the interests of multinational companies and the tax authorities amidst the continuing instability within the global economyhas become tremendously important. Transfer pricing is crucial in maintaining this balance. While it is a major tax issue for multinationals seeking to maximize tax efficiencies and limit double taxation, keeping up to speed with all of this change is a also challenge. With multinational corporations evolving into global enterprises, it is fast becoming a complicated and expensive task to comply with the differing landscape of legal precedents, regulations and local country nuances for transfer pricing issues. In intercompany transfer pricing every transaction needs to be analyzed under a different set of facts and circumstances. Here’s a quick glance at the revised transfer pricing regulation in Indonesia Indonesia’s revised transfer pricing (TP) regulation now differentiates between transactions with foreign and domestic related parties.

The revised version is applied since November 11, 2011 and replaces the previous regulation that was issued on September 6, 2010. The new regulation can be applied to a related party transaction for domestic related parties including permanent establishments to adjust differences in tax rates on final and non-final income tax among certain business sectors, sales tax on luxury goods and transactions with oil and gas companies that have contracts for production sharing. As an alternative to the hierarchy based model, the transfer pricing method is now based on the most appropriate method. Arm’s length principle (ALP) The Arm’s Length Principle is now being applied for a related party transaction whose value is more than IDR 10 use of incidental internal comparables which could be used only in an incidental related party transaction is now being recognized by the Directorate General of Taxation (DGT). The new regulation also lists more comparability factors for economic circumstances.Organizational structure should be considered while performing a functional analysis in supply chain management, toll/contract manufacturing and full fledge manufacturing.

The new regulation makes available additional details on the definition and the use of marketing and trade intangibles. Cost contribution arrangements between related parties have also been acknowledged by the new regulation. In an international expansion, it is advantageous to have a trusted service provider can that can assist you in creating an appropriate tax and legal structure to optimize your new operating configuration. You can have unlimited assistance in aligning your tax profile and a good service provider would be focused on providing exceptional assistance in keeping you in tune with changing transfer pricing regulations, international accounting services, etc.

BAI – Finacle Global Banking Innovation Awards Announces 2012 Winners Global Banks Honored for Vision and Leadership in Innovation

WASHINGTON, DC–(Marketwire – October 9, 2012) – BAI and Infosys today bestowed the most innovative banks in the world with the prestigious 2012 BAI – Finacle Global Banking Innovation Awards. Now in its second year, the global awards program recognizes and supports innovation in the retail banking industry. This year’s honorees were recognized at a special ceremony today at BAI Retail Delivery 2012 in Washington, D.C. The winning financial institutions were chosen among more than 150 entries from over 30 countries for breakthrough innovations that positively impact banks and their customers. The award winners were selected by the Innovation Circle Judging Panel, an objective, third-party board. This distinguished international group is composed of prominent industry thought-leaders, academics and retail banking professionals. OCBC Bank, located in Singapore, earned the Product and Service Innovation Award for FRANK, a radical approach to addressing Generation Y’s different style of connecting and engaging with financial institutions. FRANK branches — or “stores” — are designed to specifically serve this group of young people aged 18 – 28, through being conveniently and strategically located in campuses and malls, the use of understandable language on signage and documentation, and through a casual atmosphere where popular music is played, and where interactive touch screens allow customers to shop and apply for their personalized FRANK debit or credit card.

Overall, FRANK allows OCBC Bank to develop lifetime, personalized relationships with these consumers by meeting their needs early on. The award for Channel Innovation was won by DenizBank, located in Turkey, for introducing the ‘Globally First Ever’ Banking Platform on Facebook. With full online banking functionality, the platform enables Facebook users to check their bank account, see a total picture of assets and liabilities, send money to anyone, anytime, purchase/enroll in consumer loans and credit cards, and invite Facebook friends to use the platform, among other capabilities. Alior Bank, located in Poland, received the Disruptive Innovation in Banking Award for changing the banking services market in its country. Alior Sync is a progressive, virtual bank that offers full-service banking via a virtual platform with a contemporary means of communication for its target segment, customers between the ages of 20 to 35. The innovative model of operations eases the facilitation of processes involved in offerings and sales of products and services, such as a fully online credit process — a first in Poland.

The Most Innovative Bank of the Year Award was awarded to First National Bank, a Division of FirstRand Limited, located in South Africa, to honor its culture of innovation and advancement of retail banking. As part of their innovative culture, the bank holds an internal competition, called “Innovators,” that formally encourages and supports the process of innovation and related competencies. Business units within FNB are empowered to innovate through leadership buy-in and advocacy. Debbie Bianucci, President and CEO of BAI, congratulated the award winners for their creativity and excellence. “These banks serve as a model of what can be achieved through innovation when it comes to enhancing the customer experience and transforming our industry. Their commitment and leadership set new standards for us, and we honor them for their achievement. We look forward to seeing what future innovations will come from the finalists and winners here today as well as other banks around the world.” Haragopal Mangipudi, Global Head – Finacle, Infosys, commended the award winners for their ability to drive consumer engagement through innovation. “Their original thinking is the key to accelerating growth and increasing customer loyalty. As the innovation partner for global financial institutions, we applaud their outstanding efforts.” To learn more about the 2012 BAI – Finacle Global Banking Innovation Awards and to submit nominations for the 2013 awards, please visit . About BAI: BAI is the financial services industry’s partner for breakthrough information and intelligence needed to innovate and stay relevant in an evolving marketplace. For more than 85 years, BAI has focused on advancing the industry by offering unbiased education and research. BAI’s offerings are as diverse as the industry, and include premier events such as BAI Retail Delivery Conference & Expo, groundbreaking research and performance metrics, professional learning and development programs, and in-depth editorial coverage through BAI Banking Strategies. For more information, visit About Infosys: Infosys partners with global enterprises to drive their innovation-led growth. That’s why Forbes ranked Infosys 15 among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit and see how Infosys (NASDAQ: INFY), with its 150,000+ people, is Building Tomorrow’s Enterprise?? today. Safe Harbor: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2012 and on Form 6-K for the quarters ended September 30, 2011, December 31, 2011 and June 30, 2012.These filings are available at . Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company. For further information please contact: Jeannette Weiland BAI Chicago, USA Phone: +1 312 683-2319 jweiland@ The Americas Jay Barta Infosys Ltd. United States Phone: +1 510 926-7840 Jay_Barta@ Asia Pacific Joya Ahluwalia Infosys Ltd. India Phone: +91 80 41565002 Joya_Ahluwalia@

Iraq’s Economy – Achievement is Nearing


All the recent reports have shown that the economy of Iraq is growing and it is growing rapidly. It is expected by 2030, that Iraq will establish its own oil and gas set up to control over the Middle Eastern energy output. No doubt that the most significant and largest resource of Iraq’s economy is the oil production and so Iraq is putting much effort on it to expand it at its best. One of the most hopeful sign for country’s economy is the proper upturn of foreign investment. That could take Iraq to reach its aim. In 2011, Iraq has managed to attract $55.67 billion foreign investors and some other saleable actions. Truly the government of Iraq is taking attempt for creating a better environment for the foreign investors, recovering from all the inner-state or inter-state political tensions and other obstacles. The New- York based companies like Exxon Mobil, BP, CAM, WFT etc, they have already invested into the country and looking forward to expand the business.

Even Cameron, China and South Korea have shown interest into investing in Iraq. South Korean company STX group have decided and planning to start an extended gas and oil processing plant in southern region of the country, Basra district. The investors are assuming the country as disturbed place because of some past political incidents, but Iraq has worked on security and other issues and so the director of the Baghdad Investment Commission, Shaker al-Zamily assures and says for not missing the opportunities to enter and start business in the country. The real estate industry is also making its place rapidly. Iraq estimates, it requires to build up more than 800,000 houses or apartments, according to Shaker al-Zamily. Another problem of the country is facing is unemployment. The country undeniably highly depends on the oil production, but having a population of above 30 million, it is quite hard for the government to employ all the citizens with the help of oil revenues.

The government needs to take more wise and clear decision in order to make the economy stronger. 30% or more than that of the budget( $100 billion) is going for pensions and salaries. And most of the Iraqi citizens depend on the government for employment, whereas they should look for abroad studies or jobs and help the country’s economy to grow more. Besides some negative aspects, Iraq truly has got so many positive points to have faith in it and drawing attention of whole world of economy.

GKN Forced The Rival Bidders to Pull Back For Volvo Aero


There is soon going to be shocking news around for the British’s manufacturing industry as the British engineering group GKN has decided to buy Sweden’s largest aerospace company ‘Volvo’ worth up to 800m. According to the reliable sources, the deal is not imminent as the other bidders like Germany’s MTU Aero Engines, Carlyle Group and Nordic Capital have supposedly pulled themselves back from the list of front-runners who planned to buy Volvo’s aero engine business. After the acquisition of Volvo Aero, GKN would be considered the second largest, by revenue, of GKN’s four divisions. Since Volvo Aero manufactures entire engines as well as parts for aircraft including Saab’s Gripen fighter jet, it would be a major expansion of GKN’s aerospace business. Speculations are also being made about GKN that to raise enough cash to buy Volvo, it is planning to sell out its non-core business of wheels which manufactures parts for construction and other heavy vehicles.

Recently, in the month of January when GKN failed to make a lucrative contract to do work on the wings of the Airbus A320 jet after losing the deal to its Korean rival who made a cheaper offer. GKN which manufactures lightweight parts for Airbus and Boeing jets on the Isle of Wight as well as Bristol is already in joint venture with Rolls-Royce for making lightweight turbine blades for the aircraft engines. However, it was confirmed by Chief executive of GKN, Nigel Stein, that the company was looking for profitable acquisitions, especially in aerospace and land systems, as far as the buyout is concerned they would remain disciplined. GKN’s chief executive, Nigel Stein, called the year 2011 as the year of transition for the aerospace industry. He explained that the boost in the civil aviation market has lessened the military orders.

Earlier, the sales mix was 58% civil and 42% military which is now expected by GKN to move towards 70% civil and 30% military. With this deal, GKN now wants to move forward and sell its aero engine division which supplies parts for civil and military aircraft. Stein confirmed that they are more focused on heavy trucks and construction equipment. However, analysts Andy Chambers and Alexandra West at Red burn cautiously stated on this mooted deal that it would be a significant undertaking carrying an element of execution risk. Sandy Morris at Jefferies warned Volvo Aero that the acquisition might stretch GKN financially and a rights issue might be sincerely required. Need cash apply with short term cash loans and get funds in minutes. Although, Volvo Aero and GKN have lots in common in the engine components market, they are working on the development of composite materials for engines. And, since both are already major suppliers to GE, Pratt & Whitney and Rolls-Royce, they are together going to have a much stronger portfolio in the market. Morris further added that they would analyze the equity placing and increasing debt against the uncertain Euro zone; and also cleared that the deal was little compelling.

Why Are we Subsidizing Big Oil?


President Obama must be asking the same thing as he proposes cutting out approximately $36.5 billion a year in oil and gas company subsidies and tax breaks in his new budget, which is set to be released at the end of February. “We will not continue costly tax cuts for oil companies,” president Obama said in his announcement of the proposed budget for the 2011 spending year, which starts in October. This isn’t the first time president Obama has tried to cut off big oil. He has tried to cut the subsidies from the federal budget two previous times but was rebuffed each time as intense lobbying from energy producers and opposition from both sides of the aisle in Congress prevented it.

The argument against cutting subsidies has been the same each time; ending the subsidies would damage the economy. “This is a tired old argument we’ve been hearing for two years now,” said Jack Gerard, president of the American Petroleum Institute, the oil and gas industry’s main lobby in Washington. “If the president were serious about job creation, he would be working with us to develop American oil and gas by American workers for American consumers.” Mr. Gerard, in an interview with the New York Times turned the subject of subsidies on its head, stating that “The federal government by no stretch of the imagination subsidizes the oil industry.

The oil industry subsidizes the federal government at a rate of $95 million a day.” The administration’s response has been that big oil has been raking in record profits for years (while charging $3.50 a gallon for a gallon of gas). Considering that Exxon Mobil’s profit for the last year came in at $124 billion, cutting a subsidy of $36 billion for the entire industry doesn’t look like it’s going force any of the members of big oil into bankruptcy. A second look at Exxon’s profit, put in the context of Mr. Gerard’s comment hinting that big oil needs to continue receiving subsidies to create jobs, seems a bit disingenuous but an extra $36 billion can buy a lot of toys. Reuters reported that renewable energy will get a funding boost in the 2012 budget, including “$302 million for solar energy (up 22 percent), $123 million for wind energy (up 53 percent) and $55 million for geothermal energy (up 25 percent)”. If Obama is successful in getting the oil subsidy lifted, it would be encouraging to see more money allocated toward renewables. While the percentage gains are impressive, the money going to renewable energy sources would be less than 3% of the money saved from cutting the $36 billion subsidy.

China Lowers 2012 Gdp Growth Target to 7.5%


China, the world’s second largest economy, lowered its GDP growth target to 7.5 percent this year, marking the first time the figure has dropped below 8 percent in the past eight years. China aims to increase its GDP by 7.5 percent, boost the volume of total exports and imports by roughly 10 percent, and hold consumer price index (CPI) increases to around 4 percent, Chinese Premier Wen Jiabao said in his “Report on the Work of the Government” presented to the National People’s Congress on Monday. The slower growth rate is in line with global expectations and reveals China’s awareness of the need to rebalance its economy.

The country currently relies heavily on exports and investment for its economic development, but has begun to find such an economic model no longer sustainable due to surging labor costs and a lack of innovation (which leads to low investment returns). ” settling a slightly slower GDP growth rate, we hope to make it fit with targets in the 12th Five-year Plan, and to guide people in all sectors to focus their work on accelerating the transformation of the pattern of economic development and making economic development more sustainable and efficient, so as to achieve higher-level, higher-quality development over a longer period of time,” Wen stressed in his speech. China’s 12th Five-year Plan released one year ago aimed at an average annual growth rate of 7 percent between 2011 and 2015, a 0.5 percent correction down from the development goal set in the country’s 11th Five-year Plan.

A recent report named “China 2030” – prepared by the World Bank and the Development Research Center under the Chinese State Council – said China has reached a development “turning point” and should use the right timing to conduct deep reforms. “China could postpone reforms and risk the possibility of an economic crisis in the future or it could implement reforms proactively,” says the report. Beijing’s acceptance of a lower growth target is also interpreted as a measure to manage international expectations. While the debt-ridden Euro zone still expects China’s rescue in cash, and the United States in an election year continues pushing the RMB value to rise, China’s own headwinds may give the country less external pressure and offer a breathing space for domestic exporters.