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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 Q2 of this year. The center…
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 worry about the country’s slowing economy.…
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, partly due to concerns about the…
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, the official Xinhua news agency reported.…
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) was stalled at 50 in…
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 estimated 0.2% growth pace. The contraction…
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 the government seeks more ways to…