China raised interest rates in the latest series of tightening steps aimed at keeping inflation in check and preventing the world’s fourth-largest economy from overheating. The People’s Bank of China increases its benchmark one-year lending rate by 0.27 percentage point to an eight-year [...]
Posts Tagged ‘China’
February 6th, 2012 - 2:08 pm § in News Of Economy
China increases interest rates to check inflation, growth
February 6th, 2012 - 2:06 pm § in News Of Economy
Asia safe from crisis: IMF
The International Monetary Fund has assured that Asian economies will not face any substantial financial crisis amid the heavy influx of global capital. Developing Asian economies are successfully attracting healthy foreign direct investment and IMF suggested that to keep healthy pace in the economy[...]
February 5th, 2012 - 2:05 pm § in News Of Economy
Increasing private equity buy-outs could be risky: IMF chief
Jolted by the U.S. subprime housing market, IMF’s head Rodrigo Rato has warned that global investment and growth prospects were at risk from a dramatic rise in private equity buy-outs. There are risks associated with the recent dramatic growth in large private equity buy-outs as such deals fin[...]
February 5th, 2012 - 2:04 pm § in News Of Economy
US Treasury says bill on China forex could boomerang, Paulson adds pressure on Beijing
Amid escalating pressure and intensified lobbying against China in the US, Treasury Secretary of US, Henry Paulson once again urged China to permit its currency to appreciate faster, at the same time, also raising product-safety and environmental issues during the recently held meetings with senior [...]
February 4th, 2012 - 2:01 pm § in News Of Economy
ADB shows concern over rising rich-poor divide in Asia
Many are speculating that after west, it is time for Asia to lead the world. 21st century is allying with Asia and expecting it to be the next power region. Development in major Asian regions has proved it correct. Countries like China, India, Japan and Southeast are perfect examples of it, where p[...]
February 3rd, 2012 - 2:00 pm § in News Of Economy
China’s inflation soaring, fueling another bank rate hike
China’s monthly inflation has accelerated to the highest level in more than 10 years as increasing food prices are continuously hurting the economy and fueling the speculation of another interest rates hike. In a monthly report, the National Bureau of Statistics disclose that consumer prices s[...]
January 31st, 2012 - 1:51 pm § in News Of Economy
China raises interest rates despite subprime woes
To control money supply and curb rising prices, the People’s Bank of China has raised interest rate on bank deposits by 27 basis points to 3.6%, and the lending rates by 18 basis points, to 7.02% from 6.84%, fourth time this year. On the basis of second quarter results, ended in July, economy [...]
January 27th, 2012 - 1:44 pm § in News Of Economy
The true story why Americans hate everything Chinese
Michael Crichton, the author of such selling science fiction extravaganzas like the Jurassic Park has a quieter, less known book which bristles over with a rabid fear of all things Japanese. In the Sun Rising, Crichton talks of the Japanese taking over the US economy. The book is US xenophobia at it[...]
January 23rd, 2012 - 6:35 am § in News Of Economy
China’s trade surplus declining after record growth last year
US economic slowdown seems to have finally hit China. China’s trade surplus unexpectedly experienced a sharp fall in February. This sudden fall was not expected given the 48% record growth in the country’s trade surplus in 2007. The gap between China’s exports and imports had expanded to $262.[...]
January 20th, 2012 - 1:21 pm § in News Of Economy
China alarmed over declining dollar
China on Monday joined a group of policy makers in expressing concern over a weakening dollar – the world’s main reserve currency. Wen Jiabao, the Chinese premier, told a business audience in Singapore that it was becoming difficult to manage China’s $1,430 billion foreign exchange[...]