Global economy faces two challenges

The world economy’s performance in 2017 was significantly better than the previous year. According to the World Bank forecast, global economic growth is likely to reach 3.6 percent in 2017, as the economies of the European Union, the United States and Japan all showed clear signs of improvement in the third quarter with a growth rate… Please follow and like us:

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Paul Krugman: Nobel Prize winner still pitching his discredited Krugmanomics

WASHINGTON, January 1, 2018: Trump Derangement Syndrome can make anyone, even Nobel Prize winners, sound stupid. The day after Trump won the nation’s 45th president, New York Times columnist and Nobel laureate Paul Krugman bold announcement was that the “disaster” of a Trump presidency was full of: “so many aspects that the economic ramifications are way… Please follow and like us:

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Trump economy: False predictions from the left

ANALYSIS/OPINION: Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans – which is very good news for the 55… Please follow and like us:

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China’s opening up helps world economy: Chinese ambassador

WASHINGTON – China’s outward-looking vision will continue to bring about win-win scenarios for China and its partners across the world, including the United States, Chinese Ambassador to the United States Cui Tiankai said on Monday. In an article published on CNN.com, Cui noted that China will hold the 19th National Congress of the Chinese Communist Party… Please follow and like us:

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China’s goods trade ‘sound and steady’ on rising demand

BEIJING — China’s goods trade has had a “sound and steady” performance in the first three quarters of this year, mainly due to rising international demand and a strong Chinese economy. China’s goods trade volume rose 16.6 percent to 20.29 trillion yuan ($3.08 trillion) in the first three quarters of this year, the General Administration of… Please follow and like us:

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IMF raises global growth forecasts, calls for reforms

The International Monetary Fund on Tuesday bumped up its global growth forecasts, saying an upswing in the world economy would likely gather pace into next year. But the global crisis lender called on governments to strike while the iron was hot, saying dangers for the current recovery lurked on the horizon and ambitious reforms were necessary… Please follow and like us:

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Advisers to play role in BRICS’ worldwide influence

Think tanks will work to play a positive role in deepening cooperation among BRICS members in strengthening global governance and meeting universal challenges, according to a commerce official and a think tank organizer. With the approach of the 2017 BRICS Summit in Xiamen, Fujian province, experts on the economy and trade from higher education institutions and… Please follow and like us:

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From Bitcoin to Ether: Today’s Blockchain Basics

Bitcoin and its underlying technology blockchain are game-changing technologies that are reshaping and revolutionizing the world economy. ( 1) Often hidden behind the headlines of Bitcoin’s meteoric rise in market value and blockchain’s technological promise is a basic understanding of what these two technologies are and where they come from. This brief article examines the digital… Please follow and like us:

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Commentary: BRICS ready to play its role in global governance

BEIJING – There is less than 30 days till the ninth BRICS summit in Xiamen in September when the organization’s role in global governance, a faltering economic recovery and setbacks in globalization will be the issues of greatest concern. “BRICS: stronger partnership for a brighter future” will bring together the leaders of Brazil, Russia, India, China… Please follow and like us:

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China to continue to be key driver of global growth: IMF chief economist

KUALA LUMPUR – China’s growth will continue to be a key driver for a firming recovery of the world economy, the chief economist of the International Monetary Fund (IMF) said Monday. Maurice Obstfeld, the IMF’s economic counsellor and director of research, made the remarks in an exclusive interview with Xinhua as the IMF revised up China’s… Please follow and like us:

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Belt and Road aim to boost globalization

CAI MENG/CHINA DAILY Globalization is passing through testing times. On one hand are protectionists rallying for a retreat from free trade; on the other are mostly emerging economies striving to uphold inclusive growth. The Belt and Road Initiative belongs to the second camp and is expected to play a major role in reinvigorating the world economy.… Please follow and like us:

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Pence Says Trade Relationship with South Korea is ‘Falling Short’

During his visit to South Korea this week U.S. Vice President Mike Pence described the security alliance between the two countries as unwavering, unshakable and ironclad, but in an address to business leaders in Seoul Tuesday, he said the bilateral economic relationship is in trouble. “Despite the strong economic ties between the United States and South… Please follow and like us:

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