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Tag Archives: growth

IMF still sees China’s growth at 7.75%

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Fund (IMF) said on Wednesday China’s economy was on course to grow 7.75% this year — higher than the government’s own 7.5% target and actual growth of 7.6% in the first half of the year. Prospects for the world’s second-largest economy were “clouded by mounting domestic vulnerabilities in the financial, fiscal and real estate sectors”, the IMF said. But the ... Read More »

Eurozone slowdown no longer biggest threat to Asia growth

eurozone

Heightened political tensions have overtaken the eurozone debt crisis and US fiscal shock as the biggest threats to the developing economies in Asia, according the Asian Development Bank (ADB). While “austerity fatigue” in the euro area and “unresolved fiscal drag” in the US remain significant risks to developing Asian economies, escalating border disputes in the region pose the largest menace ... Read More »

Vietnam GDP to grow 5.2 percent in 2013

vietnam-credit

Vietnam’s GDP growth is forecast at 5.2 percent in 2013, picking up to 5.6 percent in 2014 if progress is made in strengthening the banking sector and recovery in major industrial economies gathers momentum in 2014, the Asian Development Bank says in a report released Tuesday. The prediction is made based on grounds that GDP grew by 4.9 percent in ... Read More »

Growth will pick up in developing Asia

Asia

Rising private consumption and stronger intraregional trade will boost Asia’s developing economies over the next two years, according to the Asian Development Bank. In its Asian development outlook 2013, published today, the Bank forecast growth of 6.6% this year for the 45 countries it categorises as ‘developing Asia’. This compares with 6.1% in 2012/13. It adds that stronger external demand and ... Read More »

Asian Currencies Have Best Quarter Since 2010

asian currencies

Asian currencies had the best quarter in two years after global policy makers announced plans to pump money into financial markets to support growth, spurring capital flows into higher-yielding assets. The Bloomberg-JPMorgan Asia Dollar Index, which tracks the region’s most-active currencies, rose 1.8 percent since June 30 as the Federal Reserve, the European Central Bank and theBank of Japan (8301) expanded ... Read More »

China’s GDP growth to hit 8.5 pct

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BEIJING, April 11 (Xinhua) — China’s economic growth is set to moderate slightly over the next two years but will exceed 8 percent, on the back of strong investment, rising private consumption and a more stable global economy, the Asian Development Bank (ABD) said Wednesday. In its annual economic report released at a press conference in Beijing, Paul J. Heytens, ... Read More »

Commodities catch fever on China slowdown

commodity

When it comes to the commodities market, if China says it even plans to sneeze, others get a cold. And commodity markets got a fever after Chinese Premier Wen Jiabao lowered the country’s growth target. Although prices recovered slightly on Wednesday after a fall on Tuesday, investors remain cautious that a slowdown of the Chinese economy will cut demand for ... Read More »

India likely to raise tax rates in budget

India Rupees

NEW DELHI: India is likely to raise taxes on a number of manufactured items and expand the tax net in its budget to rein in its deficit and give space for the central bank to cut interest rates to support growth, a top government economic adviser said on Friday.  The Reserve Bank of India (RBI) has called on the government ... Read More »

China to change foreign trade growth patterns

Container-Vessel-Xin-Hong-Kong

BEIJING, March 1 (Xinhua) — A guideline to accelerate the transformation of the country’s foreign trade growth pattern was jointly issued on Thursday by 10 Chinese government agencies. The country aims to balance its foreign trade by increasing imports and optimizing the mix of its import tariffs, according to the publication on the Ministry of Commerce website. The guideline said ... Read More »

China Finance Pay to Grow by Double Digits

china dragon

Feb. 28 (Bloomberg) — Pay for newly hired senior investment professionals in China and emerging Asian countries may see double-digit growth this year as banks in the region compete for talent and avoid European debt crisis fallout. Compensation for a senior corporate banker in Beijing, excluding bonuses, is projected jump 42 percent this year to at least 2 million yuan ... Read More »