Search Result for : Chinese Economy

The Dollar Business Bureau Overriding its tapering domestic economy, Japan's foreign trade in the month of March boosted the overall performance of the world's third largest economy. The Japanese administration announced that exports grew more than the expected 12% while imports jumped 16% year on year during March 2017. A revival of stability in Chinese economy supplemented by a gradually normalising global demand has given Japan much reason to cheer. A trade surplus of $5.6 billion was registered in the month of March as exports grossed $66 billion approximately while imports rose to about $60 billion. Japanese exports to China reached $11 billion, showing a whopping 16.4% growth from the same month in the previous year, although the double digit growth is mostly because of a one-month shift in the Lunar New ...

The Dollar Business Bureau A Chinese surge in credit growth has found mention as a concern in the IMF's Global Financial Stability Report. Although China is a major contributor to global growth, its credit growth vis-a-vis its economy has more than doubled to 200% in less than ten years. IMF's Financial Counsellor and Director for Monetary and Capital Markets department, Tobias Adrian averred that such credit growths were dangerous. He was quoted in a press briefing as saying that Chinese policies that limit the growth of banking systems could reduce credit growth and thereby global financial vulnerabilities too. But, there was still more that was needed to be done to achieve a global financial stability. Matthew Jones, Assistant Director at the IMF added ...

PTI E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly. He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned. "In the coming three to five years... the economic situation will be even more arduous than everyone had expected," the e-commerce billionaire said at an annual meeting of the General Association of Zhejiang Entrepreneurs. Referring to the slowdown of the Chinese economy to 6.7% last year, the slowest in over two decades, he said it was "only natural" that China's rapid growth over the past three decades could not continue, and that ...

The Dollar Business Bureau In line with the Chinese government and industry expectations, China’s economy expanded at 6.7% in the third quarter from a year earlier, as the increased government spending and real estate boom balanced out weak exports. Real estate investment growth registered a slight growth during January-September period, as it grew by 5.8% compared to 5.4% over the first eight months of the last year. Despite a significant growth, the market is wary of the sector’s future growth rate owing to real estate price surge. Several analysts earlier predicted that China’s economy was stabilizing and expanding at the same pace as it did in the first and second quarters of the current financial year and is in line with the ...

The Dollar Business Bureau The World Trade Organisation (WTO) has changed its previous forecast of global trade growth of 3.9 per cent, thus reflecting a new estimate of 1.7 per cent. The intergovernmental organisation, which had forecasted a 2.8 per cent rise for the same in September 2015, has attributed this decline to factors such as reduction in commodity prices and a slowdown in the Chinese and European economies. The organisation has released a similar forecast for the year 2017 with an estimated figure for global trade between 1.8 per cent and 3.1 per cent. The earlier figure stood at 3.6 per cent. According to WTO Director-General Roberto Azevedo, the revised data should act as a reminder to the governments which should not end up ...

The Dollar Business Bureau “Brexit has thrown a spanner in the works,” said Maurice Obstfeld, chief economist, IMF. The decision by Britain to leave the EU group will affect global economic growth this year and the next, International Monetary Fund said. The IMF on Tuesday shared its earlier estimate for the global economic growth to 3.1% this year and 3.4% in 2017. The recent estimates are 0.1% lower than the institution’s April forecast.   The IMF said Brexit has created uncertainty which could wear away consumer and business confidence, resulting in freeze in investments. The UK must renegotiate its existing trade arrangements with Europe. United States and China, the world's two largest economies, are unlikely to experience much economic trouble from the turmoil in Europe, it said. The ...

Source: PTI The relationship between China and India is advancing rapidly. “We have similar positions on major international issues because we are major developing countries. And we both put economic development at the centre of our national development agenda,” remarked a senior Chinese leader.  Concurring to the development, dates are not finalized yet, but Indian President Pranab Mukherjee will visit China next month. There are ongoing irritants over issues like Beijing blocking India’s bid to get a UN ban on JeM head Masood Azhar, however, Mukherjee plans to tighten Sino-India trade engagement and relationship.  The President will be in Beijing, and very likely to visit Guangzhou, one of the largest industrial cities in China, where India has established stronger trade links—a reciprocal visit after ...

The Dollar Business Bureau Silver shot up to its highest in 11 months on Wednesday, leading gold for a gain in the second session and taking platinum to a new 6-month high. The white metal rallied due to a weaker dollar with a positive trend seen in the Chinese economy. Currently, silver has been on an upswing. It increased 22% this year, making it one of the lucrative investments of 2016. The increase has outshone gold with a gain of 18% this year. Spot silver jumped to $17.21 per ounce, the highest since May 2015, subsequent to a 4.4% rise on Tuesday. Platinum, after rallying about 4% in the previous session, reached a 6-month high of $1,019.90. Palladium reached $588.05, a new high ...