Tag: china economy
China’s Economy Seen To Grow 6.7% in Q2
The State Information Center, an official think-tank affiliated with the National Development and Reform Commission, has predicted China’s economy to grow 6.7 percent in...
China’s Capital Outflows Forecast to Hit USD538 Billion
The Institute of International Finance (IFF) has forecast a possible capital exodus of US$538 billion in China this year as global investors continue to...
China Concerns Wipe Out USD2.2 Trillion from Global Financial Markets
About USD2.2 trillion was believed wiped out from the value of global stocks within just four days of trading last week, Bloomberg has estimated,...
China’s Services PMI Hits 11-Month High in July
After months of negative economic data, China finally saw a glimmer of hope in its services sector, which posted an 11-month high in July,...
China’s Official Manufacturing PMI Falls In July
Official government data showed that China's manufacturing activity dropped in July, missing expectations for a slight growth, Reuters reported.
The official Purchasing Managers' Index (PMI)...
US Economy Contracts As India Surges In First Quarter
The US government has reported that the country's economy contracted by 0.7 percent annually in the first quarter of this year, lower than the...
China Says Interest Rate Cut Not Quantitative Easing
BEIJING - China's central bank, the People's Bank of China (PBOC) has trimmed the benchmark loan and deposit interest rates starting 11 May as...
India To Overtake China as World’s Fastest-Growing Economy This Year
The Asian Development Bank (ADB) said the current reforms being implemented in India will propel the country’s economy to 7.8 percent in 2015 and...
China Unveils Deposit Insurance System Plan
China's central bank, the People's Bank of China (PBOC) on Sunday announced draft rules for a long-awaited insurance scheme for bank deposits, in order...
China’s manufacturing PMI falls in November
China's National Bureau of Statistics (NBS) said the country's manufacturing purchasing managers' index (PMI) slowed more than expected in November, dropping to 50.3 from...
