Economy


China to have world’s biggest GDP

CHINA is set to surpass the US as the world’s largest economy by 2028 with its economy growing above 5 percent over the next two decades, Bank of Communications said in a report yesterday. The bank’s ...

December 14, 2017, Thursday


UK inflation at highest in 6 years

File photo of the City of London in background. UK inflation hit 3.1 percent in November, its highest level in nearly six years, official data showed yesterday, forcing Bank of England Governor Mark Carney to explain the rise in an exceptional letter to finance minister Philip Hammond. The rise was due to high prices of air fares, recreational goods and costly food and non-alcoholic drinks. — AFP...

December 13, 2017, Wednesday


Census on economy in 2018

CHINA will carry out its fourth economic census in 2018 to get a clear picture of the economy, the State Council, China’s Cabinet, has said. The survey targets all businesses in the secondary and tertiary ...

December 11, 2017, Monday


Drop in food prices drags down CPI

China’s consumer inflation slowed more than expected in November, and producer inflation at the factory gate slowed to a four-month low, leaving room for prudent monetary policy to be maintained....

December 11, 2017, Monday


Household confidence weakens again

CHINA’S household confidence weakened again after people saw income fall and received less returns from investment, a survey showed yesterday. The China Wealth Index, compiled every three months by Bank ...

December 8, 2017, Friday


China’s November CPI set for mild fall

CHINA’S inflation was expected to fall mildly in November and remain tame until the end of the year amid stable food prices and a weakening carry-over effect, the Bank of Communications said in a report. The ...

December 4, 2017, Monday


SK raises rates for 1st time in over six years

South Korea yesterday lifted interest rates for the first time in more than six years, citing a strong economic recovery, and possibly leading the way for similar actions from other Asian central bank...

December 1, 2017, Friday


India sees GDP rebound to 6.3% in Q2

INDIA’S economy grew at 6.3 percent in the second quarter of the financial year, official data showed yesterday, rebounding from a sharp slowdown in the wake of high-profile reforms. Government data ...

December 1, 2017, Friday


US records fastest growth in three years in Q3 at 3.3%

The US economy posted its best performance in three years in the third quarter, growing even faster than initially reported, according to official data released yesterday....

November 30, 2017, Thursday


Call for moderate GDP growth target for 2018

A central bank advisor said yesterday that China should set a moderate economic growth target next year to give more room to structural reform. China’s economy maintained steady growth and a positive ...

November 29, 2017, Wednesday




 

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