China’s GDP grew 6.3 percent, economy stable
Shanghai – Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop. The world’s … Continue reading China’s GDP grew 6.3 percent, economy stable
China cuts banks’ reserve ratios as economy slows
Beijing – China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the third time this year, releasing 900 billion yuan ($126.35 billion) in liquidity to shore up the flagging … Continue reading China cuts banks’ reserve ratios as economy slows
ASIA to reach 50 percent of global GDP by 2040
New York – For years, Western observers and media have been talking about the rise of Asia in terms of its massive future potential. But the time has come for the rest of the world to update its thinking—because the future … Continue reading ASIA to reach 50 percent of global GDP by 2040
U.S., China trade talks show no progress
Shanghai/Washington – U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September, extending an uneasy truce between the world’s two largest economies for at … Continue reading U.S., China trade talks show no progress
China’s debt tops 300% of GDP
Washington/Beijing – A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. China’s total … Continue reading China’s debt tops 300% of GDP
EU: 10 billion EURO to support Circular Economy
Frankfurt am Main – The EU’s largest national promotional banks and institutions and the European Investment Bank launch a EUR 10 billion initiative to accelerate the transition to a sustainable and circular economy Five European national promotional banks & institutions … Continue reading EU: 10 billion EURO to support Circular Economy
Trump sees slowing Chinese growth
Washington – U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure as bilateral trade talks sputtered along. … Continue reading Trump sees slowing Chinese growth
Asia to top 50 percent of global GDP by 2040
New York – For years, Western observers and media have been talking about the rise of Asia in terms of its massive future potential. But the time has come for the rest of the world to update its thinking—because the future … Continue reading Asia to top 50 percent of global GDP by 2040
ASEAN becomes China’s No.2 trading partner
Beijing — The U.S. is losing importance as a trading partner of China as their tariff war drags on, dropping a notch to third place in the first half of 2019 to trail the European Union and Southeast Asia. Sino-American … Continue reading ASEAN becomes China’s No.2 trading partner
China’s rising tech scene threatens U.S. brain drain
Shenzhen – Between baskets filled with hard drives, memory sticks, LED lights and countless other bits of technology hardware, Jason Gui found what he was looking for: a handful of tiny batteries. His business partner, Tiantian Zhang, whipped out her … Continue reading China’s rising tech scene threatens U.S. brain drain