12 Wednesday Aug 2015
WALL STREET warning comes as the Yuan fell 1% – the second day the Chinese central bank devalued the currency to prop up its economy. Yesterday’s 1.9% devaluation was a record. Figures released over the weekend showed exports had fallen 8% adding to fears the world’s second largest economy was heading for a slowdown.
Posted by The Template News, Current Affairs and Sport Website | Filed under Asia 🌐, China 🇨🇳, Comment, Financial 💷 💲 🏦, International News, USA 🇺🇸
15 Wednesday Jul 2015
PROPERTY prices and slower factory production are hampering growth in the world’s second largest economy but a number of stimulus packages have been introduced which have produced above expected figures for the second quarter.
Posted by The Template News, Current Affairs and Sport Website | Filed under Analysis 🙌, Asia 🌐, China 🇨🇳, International News
17 Tuesday Mar 2015
REPORT – China currently holds $1.239 T of US treasury bonds down from $1.244 T five months ago. One reason for this scale back, according to some analysts, is the weakness of the Chinese Economy which is now at a 25-year low. China and Japan hold 40% of US debt, with Belgium third. European countries are also seeing the dollar as a safe haven as the European Central Bank has begun a quantitative easing programme. The US Federal Reserve has begun a two-day debate as to whether continue with the current direction of low interest rates which one critic has called ‘monetary heroin’.
Posted by The Template News, Current Affairs and Sport Website | Filed under China 🇨🇳, Financial 💷 💲 🏦, International News, USA 🇺🇸
08 Sunday Feb 2015
Posted in Asia 🌐, China 🇨🇳, Financial 💷 💲 🏦, International News, USA 🇺🇸
18 Thursday Oct 2012
TEMPLATE REPORT
China’s economy has slowed for a seventh quarter as problems in Europe and the US hurt demand for its goods. The annual rate of growth was 7.4% in the third quarter, down from 7.6% in the previous three months.
China’s growth over the past few years has been led by the success of its export and manufacturing sector, as well as by a credit-fuelled investment boom directed by the government. However, China also released other key economic indicators alongside its gross domestic product (GDP) data, which indicate that things may be starting to pick up again.
China’s industrial production rose by a more-than-expected 9.2% in September from a year earlier. That was up from 8.9% growth in August.
Retail sales, meanwhile, during the same month were 14.2% higher than a year earlier, signalling that domestic consumption was growing.
China has announced various stimulus measures in recent months aimed at boosting domestic consumption and sustaining growth.
It has cut interest rates twice since June to reduce the burden on businesses and other borrowers.
Beijing has also approved infrastructure projects worth more than $150bn (£94bn), aimed at spurring a fresh wave of economic development.
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