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<br /> GROWTH IN ASIA SPECIAL<br /> JANUARY 2014 | ICAEW.COM/ECONOMIA ISSUE 23 | INTELLIGENCE AND INSIGHT<br /> LOOK EAST<br /> SHIFTING PATTERNS<br /> IN GLOBAL TRADE<br /> FULL OF PROMISE<br /> HOW TO EXPORT<br /> TO ASIA AND WIN<br /> CHINA CHANGE<br /> THE THOUGHTS OF<br /> CHAIRMEN NOW<br /> INDIA'S FIRST LADY<br /> HSBC INDIA'S<br /> NAINA LAL KIDWAI<br /> AUDIT ROTATION<br /> WHY CHINA IS<br /> TAKING THE LEAD<br /> ON THE UP<br /> THE PROFESSION<br /> ACROSS ASIA<br /> KAUSHIK BASU<br /> JOSEPH STIGLITZ<br /> NIALL FERGUSON<br /> ADAIR TURNER<br /> GEORGE SOROS<br /> CHRISTINE LAGARDE<br /> Back from<br /> the wilderness<br /> Japanese<br /> prime minister<br /> Shinz<a title="Economia Jan 14 page 1" href="http://viewer.zmags.com/publication/04a820a6?page=1"> GROWTH IN ASIA SPECIAL JANUARY 2014 </a> <a title="Economia Jan 14 page 2" href="http://viewer.zmags.com/publication/04a820a6?page=2"> Payroll is sitting on gold Payrolls, outsourced o</a> <a title="Economia Jan 14 page 3" href="http://viewer.zmags.com/publication/04a820a6?page=3"> The next decade will be crucial for the global ba</a> <a title="Economia Jan 14 page 4" href="http://viewer.zmags.com/publication/04a820a6?page=4"> ICAEW in this issue “Companies that make things n</a> <a title="Economia Jan 14 page 5" href="http://viewer.zmags.com/publication/04a820a6?page=5"> PHOTOGRAPHY: SNOWDON/CAMERAPRESS There is </a> <a title="Economia Jan 14 page 6" href="http://viewer.zmags.com/publication/04a820a6?page=6"> EDITORIAL ADVISORY BOARD Arthur Bailey FCA (Cha</a> <a title="Economia Jan 14 page 7" href="http://viewer.zmags.com/publication/04a820a6?page=7"> OUR LINE UP IS UNEQUALLED Rated top </a> <a title="Economia Jan 14 page 8" href="http://viewer.zmags.com/publication/04a820a6?page=8"> In review Our round-up of the most talked about s</a> <a title="Economia Jan 14 page 9" href="http://viewer.zmags.com/publication/04a820a6?page=9"> THE AUDIT 000% </a> <a title="Economia Jan 14 page 10" href="http://viewer.zmags.com/publication/04a820a6?page=10"> THE AUDIT GERMANY Whil</a> <a title="Economia Jan 14 page 11" href="http://viewer.zmags.com/publication/04a820a6?page=11"> </a> <a title="Economia Jan 14 page 12" href="http://viewer.zmags.com/publication/04a820a6?page=12"> THE AUDIT From the top T hink</a> <a title="Economia Jan 14 page 13" href="http://viewer.zmags.com/publication/04a820a6?page=13"> Corporate Pensions Health, Risk & Wellbeing Cons</a> <a title="Economia Jan 14 page 14" href="http://viewer.zmags.com/publication/04a820a6?page=14"> </a> <a title="Economia Jan 14 page 15" href="http://viewer.zmags.com/publication/04a820a6?page=15"> THE AUDIT THOUGHTS IN ORANGE AND YELLOW The ICAE</a> <a title="Economia Jan 14 page 16" href="http://viewer.zmags.com/publication/04a820a6?page=16"> THE AUDIT Book reviews Richard Cree on a M</a> <a title="Economia Jan 14 page 17" href="http://viewer.zmags.com/publication/04a820a6?page=17"> International GAAP® 2014 Your essential guide </a> <a title="Economia Jan 14 page 18" href="http://viewer.zmags.com/publication/04a820a6?page=18"> 50% DISCOUNT ON SWAT UK'S WEBINARS FOR ICAEW MEMB</a> <a title="Economia Jan 14 page 19" href="http://viewer.zmags.com/publication/04a820a6?page=19"> TTHHEEAUUDDITIT As I see it Susan Robertson, chi</a> <a title="Economia Jan 14 page 20" href="http://viewer.zmags.com/publication/04a820a6?page=20"> 20 </a> <a title="Economia Jan 14 page 21" href="http://viewer.zmags.com/publication/04a820a6?page=21"> THE AUDIT W hen I tel</a> <a title="Economia Jan 14 page 22" href="http://viewer.zmags.com/publication/04a820a6?page=22"> “I'M RECOGNIZED FOR MY CERTIFICATION. I'M VALUED</a> <a title="Economia Jan 14 page 23" href="http://viewer.zmags.com/publication/04a820a6?page=23"> THE AUDIT The graph </a> <a title="Economia Jan 14 page 24" href="http://viewer.zmags.com/publication/04a820a6?page=24"> Michael Izza Professional values are key O </a> <a title="Economia Jan 14 page 25" href="http://viewer.zmags.com/publication/04a820a6?page=25"> OPINION TOP FIVE MOST READ STORI</a> <a title="Economia Jan 14 page 26" href="http://viewer.zmags.com/publication/04a820a6?page=26"> Jason Cowley In 2014, there is more at stake than</a> <a title="Economia Jan 14 page 27" href="http://viewer.zmags.com/publication/04a820a6?page=27"> OPINION Cathy Newman Seeing beyond the spin to t</a> <a title="Economia Jan 14 page 28" href="http://viewer.zmags.com/publication/04a820a6?page=28"> OPENING DOORS TO GLOBAL GROWTH OPPORTUNITIES </a> <a title="Economia Jan 14 page 29" href="http://viewer.zmags.com/publication/04a820a6?page=29"> 2013/ 2014 </a> <a title="Economia Jan 14 page 30" href="http://viewer.zmags.com/publication/04a820a6?page=30"> Japan's coming wage surprise SHINZO ABE PRIME MI</a> <a title="Economia Jan 14 page 31" href="http://viewer.zmags.com/publication/04a820a6?page=31"> GLOBAL REVIEW POLITICS, ECONOMY & SOCIETY and</a> <a title="Economia Jan 14 page 32" href="http://viewer.zmags.com/publication/04a820a6?page=32"> common problems must be addressed in the years ah</a> <a title="Economia Jan 14 page 33" href="http://viewer.zmags.com/publication/04a820a6?page=33"> GLOBAL REVIEW POLITICS, ECONOMY & SOCIETY to </a> <a title="Economia Jan 14 page 34" href="http://viewer.zmags.com/publication/04a820a6?page=34"> is striking. There is at least some evidence that</a> <a title="Economia Jan 14 page 35" href="http://viewer.zmags.com/publication/04a820a6?page=35"> GLOBAL REVIEW POLITICS, ECONOMY & SOCIETY </a> <a title="Economia Jan 14 page 36" href="http://viewer.zmags.com/publication/04a820a6?page=36"> private financial system seems incapable of recyc</a> <a title="Economia Jan 14 page 37" href="http://viewer.zmags.com/publication/04a820a6?page=37"> GLOBAL REVIEW POLITICS, ECONOMY & SOCIETY ove</a> <a title="Economia Jan 14 page 38" href="http://viewer.zmags.com/publication/04a820a6?page=38"> Making energy efficiency a business priority At </a> <a title="Economia Jan 14 page 39" href="http://viewer.zmags.com/publication/04a820a6?page=39"> Looking at it strategically, how SMEs can grow gl</a> <a title="Economia Jan 14 page 40" href="http://viewer.zmags.com/publication/04a820a6?page=40"> South Korea South Korea AT A GLANCE A robust, ex</a> <a title="Economia Jan 14 page 41" href="http://viewer.zmags.com/publication/04a820a6?page=41"> ASIA SOUTH KOREA CORBIS HISTORY An independent </a> <a title="Economia Jan 14 page 42" href="http://viewer.zmags.com/publication/04a820a6?page=42"> 42 </a> <a title="Economia Jan 14 page 43" href="http://viewer.zmags.com/publication/04a820a6?page=43"> ASIA NAINA LAL KIDWAI THE FACE OF MODERN INDIAN </a> <a title="Economia Jan 14 page 44" href="http://viewer.zmags.com/publication/04a820a6?page=44"> A lot of that growth relies on an improved in</a> <a title="Economia Jan 14 page 45" href="http://viewer.zmags.com/publication/04a820a6?page=45"> ASIA NAINA LAL KIDWAI we've had f</a> <a title="Economia Jan 14 page 46" href="http://viewer.zmags.com/publication/04a820a6?page=46"> PROFESSOR NICHOLAS CRAFTS Director of the Centre </a> <a title="Economia Jan 14 page 47" href="http://viewer.zmags.com/publication/04a820a6?page=47"> ASIA ECONOMIC TRENDS AND</a> <a title="Economia Jan 14 page 48" href="http://viewer.zmags.com/publication/04a820a6?page=48"> BRETT TUCKER Partner at Baird Capital in Shanghai</a> <a title="Economia Jan 14 page 49" href="http://viewer.zmags.com/publication/04a820a6?page=49"> ASIA ECONOMIC TRENDS DR HA</a> <a title="Economia Jan 14 page 50" href="http://viewer.zmags.com/publication/04a820a6?page=50"> </a> <a title="Economia Jan 14 page 51" href="http://viewer.zmags.com/publication/04a820a6?page=51"> SUPPORTED BY Much h</a> <a title="Economia Jan 14 page 52" href="http://viewer.zmags.com/publication/04a820a6?page=52"> customer bases in Asia. Psyche, a designer clothe</a> <a title="Economia Jan 14 page 53" href="http://viewer.zmags.com/publication/04a820a6?page=53"> ASIA SMALL BUSINESS </a> <a title="Economia Jan 14 page 54" href="http://viewer.zmags.com/publication/04a820a6?page=54"> “That is why we are focusing very strongly on tho</a> <a title="Economia Jan 14 page 55" href="http://viewer.zmags.com/publication/04a820a6?page=55"> ASIA SMALL BUSINESS “The importance </a> <a title="Economia Jan 14 page 56" href="http://viewer.zmags.com/publication/04a820a6?page=56"> TIME FOR CHANGE China is rebalancing. After 30 y</a> <a title="Economia Jan 14 page 57" href="http://viewer.zmags.com/publication/04a820a6?page=57"> ASIA LEADERSHIP KEY FIGURES Size and popula</a> <a title="Economia Jan 14 page 58" href="http://viewer.zmags.com/publication/04a820a6?page=58"> Over half of China's population now lives in </a> <a title="Economia Jan 14 page 59" href="http://viewer.zmags.com/publication/04a820a6?page=59"> ASIA LEADERSHIP Gong Yueqiong repre</a> <a title="Economia Jan 14 page 60" href="http://viewer.zmags.com/publication/04a820a6?page=60"> CHINA LEADS THE WAY The world's second-largest ec</a> <a title="Economia Jan 14 page 61" href="http://viewer.zmags.com/publication/04a820a6?page=61"> ASIA CHINA AUDIT ROTATION </a> <a title="Economia Jan 14 page 62" href="http://viewer.zmags.com/publication/04a820a6?page=62"> GALLERYSTOCK for the audits of three of China's </a> <a title="Economia Jan 14 page 63" href="http://viewer.zmags.com/publication/04a820a6?page=63"> ASIA CHINA AUDIT ROTATION </a> <a title="Economia Jan 14 page 64" href="http://viewer.zmags.com/publication/04a820a6?page=64"> 64 </a> <a title="Economia Jan 14 page 65" href="http://viewer.zmags.com/publication/04a820a6?page=65"> ASIA THE PROFESSION EAST SIDE STORY Asia </a> <a title="Economia Jan 14 page 66" href="http://viewer.zmags.com/publication/04a820a6?page=66"> recognised by CICPA to the extent that members of</a> <a title="Economia Jan 14 page 67" href="http://viewer.zmags.com/publication/04a820a6?page=67"> ASIA THE PROFESSION Among other activities, t</a> <a title="Economia Jan 14 page 68" href="http://viewer.zmags.com/publication/04a820a6?page=68"> CHINA, THE BIG FOUR AND A WORLD OF CHANGE </a> <a title="Economia Jan 14 page 69" href="http://viewer.zmags.com/publication/04a820a6?page=69"> ASIA THE ECONOMIA ESSAY partne</a> <a title="Economia Jan 14 page 70" href="http://viewer.zmags.com/publication/04a820a6?page=70"> CAREER IN A NUTSHELL 2011 - present CEO, Talent C</a> <a title="Economia Jan 14 page 71" href="http://viewer.zmags.com/publication/04a820a6?page=71"> ASIA JOHAN MERICAN J ohan Merican has an</a> <a title="Economia Jan 14 page 72" href="http://viewer.zmags.com/publication/04a820a6?page=72"> ADVERTORIAL Banish the shoebox – not the client </a> <a title="Economia Jan 14 page 73" href="http://viewer.zmags.com/publication/04a820a6?page=73"> Technical The top five A flurry of comments on f</a> <a title="Economia Jan 14 page 74" href="http://viewer.zmags.com/publication/04a820a6?page=74"> Key developments BUSINESS ICAEW rejects ch</a> <a title="Economia Jan 14 page 75" href="http://viewer.zmags.com/publication/04a820a6?page=75"> TECHNICAL UPDATES of insolvency p</a> <a title="Economia Jan 14 page 76" href="http://viewer.zmags.com/publication/04a820a6?page=76"> Rise of the workers The gov</a> <a title="Economia Jan 14 page 77" href="http://viewer.zmags.com/publication/04a820a6?page=77"> TECHNICAL EMPLOYEE OWNERSHIP employe</a> <a title="Economia Jan 14 page 78" href="http://viewer.zmags.com/publication/04a820a6?page=78"> Making a statement With disclosures running into</a> <a title="Economia Jan 14 page 79" href="http://viewer.zmags.com/publication/04a820a6?page=79"> TECHNICAL FINANCIAL REPORTING agains</a> <a title="Economia Jan 14 page 80" href="http://viewer.zmags.com/publication/04a820a6?page=80"> Beating the rush As the online self-assessment</a> <a title="Economia Jan 14 page 81" href="http://viewer.zmags.com/publication/04a820a6?page=81"> TECHNICAL PRACTICE MANAGEMENT </a> <a title="Economia Jan 14 page 82" href="http://viewer.zmags.com/publication/04a820a6?page=82"> Fat Lady Sings: playing for the win Succession p</a> <a title="Economia Jan 14 page 83" href="http://viewer.zmags.com/publication/04a820a6?page=83"> TECHNICAL PRACTICE PROFILE ILLUSTRATION: ARON VE</a> <a title="Economia Jan 14 page 84" href="http://viewer.zmags.com/publication/04a820a6?page=84"> Threats to hammer and punch HMRC staff; false reg</a> <a title="Economia Jan 14 page 85" href="http://viewer.zmags.com/publication/04a820a6?page=85"> TECHNICAL DISCIPLINARIES Report listings Th</a> <a title="Economia Jan 14 page 86" href="http://viewer.zmags.com/publication/04a820a6?page=86"> Life Asian vacations A break less ordinary T</a> <a title="Economia Jan 14 page 87" href="http://viewer.zmags.com/publication/04a820a6?page=87"> economia JANUARY 2014 </a> <a title="Economia Jan 14 page 88" href="http://viewer.zmags.com/publication/04a820a6?page=88"> 88 </a> <a title="Economia Jan 14 page 89" href="http://viewer.zmags.com/publication/04a820a6?page=89"> LIFE ASIAN VACATIONS Wshoes. The malls on these t</a> <a title="Economia Jan 14 page 90" href="http://viewer.zmags.com/publication/04a820a6?page=90"> Last year, the city's old French quarter gain</a> <a title="Economia Jan 14 page 91" href="http://viewer.zmags.com/publication/04a820a6?page=91"> LIFE ASIAN VACATIONS FOUR CORNERS, GETTY IMAGES,</a> <a title="Economia Jan 14 page 92" href="http://viewer.zmags.com/publication/04a820a6?page=92"> Restaurants Ready to move on from tikka masala</a> <a title="Economia Jan 14 page 93" href="http://viewer.zmags.com/publication/04a820a6?page=93"> but when the sports teams are engaged in gang war</a> <a title="Economia Jan 14 page 94" href="http://viewer.zmags.com/publication/04a820a6?page=94"> Feel the force Traditional Chinese medicine wa</a> <a title="Economia Jan 14 page 95" href="http://viewer.zmags.com/publication/04a820a6?page=95"> RECRUITMENT icaewjobs@icaew.com </a> <a title="Economia Jan 14 page 96" href="http://viewer.zmags.com/publication/04a820a6?page=96"> DIRECTORY COMPANY FORMATION & RESTORATION COM</a> <a title="Economia Jan 14 page 97" href="http://viewer.zmags.com/publication/04a820a6?page=97"> LUCINDA RICHARDSON lucinda.richardson@progressive</a> <a title="Economia Jan 14 page 98" href="http://viewer.zmags.com/publication/04a820a6?page=98"> LIFE AFTER WORK </a> <a title="Economia Jan 14 page 99" href="http://viewer.zmags.com/publication/04a820a6?page=99"> CONSIDERING OUTSOURCING? Let advancetrack® show </a> <a title="Economia Jan 14 page 100" href="http://viewer.zmags.com/publication/04a820a6?page=100"> LOOKS LIKE IT SHOULDN'T BE ON YOUR LIST. </a>