China’s Economy grows by 6.9 percent in ’17

Industrial output continues at brisk pace, climbing year-on-year China’s economic growth beat forecasts to reach 6.9 percent year-on-year in 2017, marking the first acceleration since 2010 despite financial regulatory tightening and measures against pollution that affect growth. Analysts said as growth stabilizes, the country will strengthen regulations and reforms to pursue high-quality development. GDP growth in… Please follow and like us:

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Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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China’s US surplus jumps as trade with world picks up

China’s trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China’s global surplus as domestic demand spurred a rally in imports. The figures on… Please follow and like us:

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2nd line of China-Russia oil link starts

The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China’s energy supply and ensuring its energy security, according to China National Petroleum Corp, the country’s biggest oil producer. With an annual capacity of 15 million metric tons, the project is expected to double China’s annual imports of Russian… Please follow and like us:

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Ireland and Brexit: Five things you need to know

Outside of the UK, the Republic of Ireland is the country that will be most affected by Britain’s exit from the European Union, or Brexit. The UK is the second biggest customer for Irish exports, while Ireland, an EU member state, is the only country to share a land border with Britain. The border between the… Please follow and like us:

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Forex Investors Buzz Week Ahead Dec 11 – 15

Forex Investors Buzz Week Ahead Dec 11 – 15 Bank of England will be deciding on monetary policy ECB will deliver its latest monetary policy decision Japan, analysts are eyeing Tankan’s quarterly business condition Next week, the most important event will be the Fed monetary policy decision. The ECB and the Bank of England will also… Please follow and like us:

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Boom times arrive for city’s headquarters economy

Strategists burn the midnight oil, as they map out their national expansion projects The corporate headquarters economy is booming in Guangzhou, according to the city’s commission of commerce, with 287 of the Fortune Global 500 top companies this year hatching a record 921 projects in the city to expand their operations in China. Among them, at… Please follow and like us:

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Net Investment Flows Turn Positive As Growth Picks Up

Nearly ten years on from the start of the financial crisis and it looks as if the recovery is well and truly here. According to Bloomberg, the second quarter was the best earnings season for US companies in 13 years, with more than three-quarters of the Standard & Poor’s 500 member companies beating analyst expectations. Even… Please follow and like us:

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Morgan Stanley raises forecast on China’s GDP growth

BEIJING – Morgan Stanley has revised its forecast on China’s GDP growth as it believes ongoing reforms, including excess capacity cuts, are improving the quality and structure of the economy. The New York-based investment bank predicted the economy will expand by 6.8 percent year-on-year in 2017 — up from a previous forecast of 6.6 percent –… Please follow and like us:

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US Economic Growth Speeds Up Slightly

The world’s largest economy shook off the impact of several hurricanes and grew a bit faster than first thought in July, August, and September. On Wednesday, U.S. government experts said the economy expanded at a 3.3 percent annual rate in the third quarter, which is three-tenths of a percent faster than their first estimate. Officials routinely… Please follow and like us:

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The ‘European Investment Bank’ Increases Support To ‘Eastern Partnership’ Countries

European Union boosts support for Ukraine ahead of Eastern Partnership Summit with new finance from the EU Bank The European Investment Bank’s (EIB) support to Eastern Partnership countries reached nearly EUR 8 billion in signed loans today, with a new operation for Ukraine’s crucial agriculture sector. This reflects the ongoing commitment of the EU Bank to… Please follow and like us:

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Lebanon: The economic cost of Saudi’s power play

Caught in the middle of a bitter Saudi-Iran rivalry, worries are growing about the Lebanese economy’s outlook. Growth has slowed to just over two percent a year from an average of eight percent before the war in Syria, and some Lebanese politicians and bankers have raised fears of a Qatar-style economic blockade after the recent resignation… Please follow and like us:

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Trump’s Asia trip shows U.S. at risk of being sidelined in the region’s economic future

WASHINGTON — For all of President Donald Trump’s efforts to build personal relations with leaders and to reassure allies during his first Asia trip, the most significant thing that has happened may have been what did not happen. From Tokyo to Seoul to Beijing, Trump has received maximum ceremonial honors — a “state visit-plus,” the Chinese… Please follow and like us:

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Chinese economic expansion requires U.S. to up its game

So far, the Trump economy is a resounding success. Unemployment is down, wage gains are stronger and stocks are setting new records, but a lot more than tax and regulatory reform will be needed to deliver the economic growth Americans should expect and deserve. The IMF predicts 2018 will be a banner year for global growth… Please follow and like us:

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UK ‘ahead of curve’ in its trading with China

The United Kingdom was China’s second-largest trading partner from among members of the European Union in 2016, and its eighth-largest worldwide, according to a new study. Britain did 55 billion pounds ($71.9 billion) of trade in goods with China last year, said the report from the Confederation of British Industry, which is also known as the… Please follow and like us:

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