China’s central bank said the slowdown in growth in the world’s third-largest economy will likely stabilize, helping the nation avoid a slump during the second half of the year.
The economy’s fundamentals remain “good,” the People’s Bank of China said on its website today. China’s decreasing dependence on exports also means the European debt crisis is [...]
Posts Tagged ‘Chinese economy’
China’s Slowing Economy Will Stabilize, Avoid Slump, Central Bank Predicts
July 27th, 2010 by Financial Writer
Tags: bank of china, Chinese economy, debt crisis, economic growth, economists, european economy, financial system, Global Economy, inflation, interest rates, loans
more...Gold prices ease off fresh highs
June 21st, 2010 by Financial Writer
The price of gold surged to a fresh intraday record Monday before pulling back as investors digested China’s decision to allow the yuan to appreciate against the dollar.
What prices are doing: Gold for August delivery rose 40 cents to $1,258.70 an ounce. Earlier, prices climbed to $1,266.50, beating the record intraday high of $1,263.40 set [...]
Tags: bank of china, Chinese economy, financial crisis, Global Economy, gold price, investor, investors, precious metal
Yuan shot heard round the world but quiet in China
June 19th, 2010 by Financial Writer
China’s announcement that it will resume currency reform made waves globally but caused barely a ripple at home on Sunday, with major newspapers merely reprinting the central bank’s statement.
The People’s Daily, the main organ of the ruling Communist Party, put the news on its back page, while the banner headline on the website of the [...]
Tags: bank of china, central bank, China, Chinese economy, economists, european union, financial leaders, Global Economy, global financial crisis, IMF
Oil ends down after U.S., China data disappoint
June 12th, 2010 by Financial Writer
U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.
Friday’s slide snapped a three-day string of higher closes, but for the week oil prices still managed a 3.17 percent [...]
Tags: Chinese economy, commerce department, euro zone, investors, oil prices, stock market, us consumer, us retail sales
China’s economic growth accelerated to 7.9 per cent from a year earlier
July 16th, 2009 by Financial Writer
China’s economic growth accelerated to 7.9 per cent from a year earlier in the second quarter amid a stimulus-fuelled surge in consumer spending, factory output and investment, the government reported Thursday.
The growth rate for the world’s third-largest economy was up from the previous quarter’s 6.1 per cent, the National Bureau of Statistics reported. The government’s [...]
Tags: Chinese economy, consumer spending, inflation, National Bureau of Statistics
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