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CAREERTIP : Mastering effective communication skills can lead to salaries or career growth in today’s digital age

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Even in an era of advanced technology like ChatGPT, which can assist in drafting various kinds of writing, it remains crucial to acquire effective communication skills. Beyond merely conveying information, the ability to speak and write well holds immense value. Knowing how to communicate effectively allows individuals to convey their thoughts, ideas, and emotions in a clear, concise, and engaging manner, fostering stronger connections and relationships in both personal and professional settings. It’s important to understand that effective communication skills are the opposite of constant, careless chatter. Speaking more doesn’t make you a better communicator. True mastery lies in message quality. Active listening One of the foremost effective communication skills involves no speaking at all: active listening. This skill involves hearing words and truly comprehending the message, empathizing with the speaker, and responding appropriately. Contrary to the belief that speaking more is th
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NEWS: Chinese Spending on Infrastructure to Slow in 2024

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China's investment in roads, rail lines, and bridges could increase at a slower rate this year as the country's economic growth is becoming less dependent on such boosters, according to analysts.

China's Infrastructure investment could rise by about 5.5 percent in 2024, down a little on last year, Wang Qing, chief macro analyst of Golden Credit Rating, told Yicai. But the central government’s budget deficit ratio and quota for special bonds sales are still expected to increase, Wang added.

Last year, fixed-asset investment rose 3 percent, with increases in manufacturing and infrastructure of 6.5 percent and 5.9 percent, respectively, while that in real estate development sank 9.6 percent, according to the official data.Wang pointed out that infrastructure investment actually jumped by about 9 percent if sliding producer prices are factored out. The actual growth rate was higher than that of 2022, he added.

Spending on infrastructure is still an important driver of economic growth, according to Luo Zhiheng, chief economist of Yuekai Securities. Within the framework of existing fiscal policy, the government should consider issuing long-maturity treasury bonds for construction to hedge against a decline in demand while ensuring macroeconomic stability, Luo added.

The focus should now be on bolstering efficiency, cutting investment in highways and railroads, and increasing spending in new high-demand areas such as digital transformation and green development, Wang added.

Against the backdrop of slowing growth in local government fiscal revenue and the limited ability of these authorities to issue bonds, the central government should assume greater responsibility as it has more room to borrow along with lower costs, Luo noted.
 
This hardhatNEWS article was published in Yicai Global

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