Chinese Economic Slowdown
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Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
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Asian Currencies' Bearish Trends Retreat On China Recovery Signs
Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs
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Tencent Posts Biggest Profit Decline Since 2004, Freeze on New Game Licences Scaled Down Revenue
Tencent, Chinese gaming and social media giant, reported virtually no growth in first-quarterly revenue, its worst ever such performance. China's economic slowdown and a freeze on new game licences weighed on its business.
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Sensex, Nifty Remain Subdued As Banking Stocks Drag
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
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Markets Likely To Have A Muted Opening
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
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Paris-Based Think Tank OECD Cuts Global Growth Forecast Amid US-China Trade Concerns
While the OECD pared back its global growth forecast for the current year, it predicted a pick-up in activity to 3.4 per cent next year. It notched up its forecast for US growth this year by 0.2 percentage point to 2.8 per cent, but predicted a slowdown to 2.3 per cent next year. Chinese growth was projected to slow to 6.2 per cent this year and 6....
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China To Raise Defence Spending By 7.5%, Lower Than 2018
China announced Tuesday a 7.5 percent increase in military spending in 2019, lower than last year as the country faces an economic slowdown, but still likely to make Asian neighbours nervous.
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Indian Economy Expected To Grow At 7.3% In 2018-19: World Bank
World Bank on GDP Growth: In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.
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Alibaba's Jack Ma Warns Of 'Big Trade War' Between China, US
E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly. He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned.
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Wall Street Lower as Weak China Data Spooks Investors
Wall Street was lower on Tuesday after weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy.
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China Aims for 6.5-7% Economic Growth in 2016
China is aiming to expand its economy by 6.5 per cent to 7 per cent in 2016 and keep consumer inflation around 3 per cent, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Saturday.
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Oil Extends Slide Below $30 on Oversupply, Weak China Data
Crude futures dropped below $30 a barrel on Tuesday, extending the previous day's losses by more than 3 percent, as persistent worries about oversupply and more signs of a Chinese economic slowdown spooked the market.
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China's Xi Jinping Heads to Zimbabwe Ahead of Africa Summit
China's President Xi Jinping is due to start a five-day visit to Zimbabwe and South Africa today, with African concern over the impact of the Chinese economic slowdown set to dominate the agenda.
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Impact of China's Slowdown on India Depends on Policy Reforms: Panagariya
The impact of China's economic slowdown on India will be largely dependent on how the country proceeds on policy reforms, NITI Aayog Vice Chairman Arvind Panagariya has said amid the perception that Indian economy can gain from the deceleration of the Chinese economy.
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China's Economic Slowdown Adversely Affected India: RBI Governor Raghuram Rajan
China's pain of economic slowdown is India's pain too, RBI Governor Raghuram Rajan said contradicting government assertions that India will not be affected by deceleration of Chinese economy.
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Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
Asian Currencies' Bearish Trends Retreat On China Recovery Signs
Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs
-
Tencent Posts Biggest Profit Decline Since 2004, Freeze on New Game Licences Scaled Down Revenue
Tencent, Chinese gaming and social media giant, reported virtually no growth in first-quarterly revenue, its worst ever such performance. China's economic slowdown and a freeze on new game licences weighed on its business.
-
Sensex, Nifty Remain Subdued As Banking Stocks Drag
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
-
Markets Likely To Have A Muted Opening
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
-
Paris-Based Think Tank OECD Cuts Global Growth Forecast Amid US-China Trade Concerns
While the OECD pared back its global growth forecast for the current year, it predicted a pick-up in activity to 3.4 per cent next year. It notched up its forecast for US growth this year by 0.2 percentage point to 2.8 per cent, but predicted a slowdown to 2.3 per cent next year. Chinese growth was projected to slow to 6.2 per cent this year and 6....
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China To Raise Defence Spending By 7.5%, Lower Than 2018
China announced Tuesday a 7.5 percent increase in military spending in 2019, lower than last year as the country faces an economic slowdown, but still likely to make Asian neighbours nervous.
-
Indian Economy Expected To Grow At 7.3% In 2018-19: World Bank
World Bank on GDP Growth: In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.
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Alibaba's Jack Ma Warns Of 'Big Trade War' Between China, US
E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly. He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned.
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Wall Street Lower as Weak China Data Spooks Investors
Wall Street was lower on Tuesday after weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy.
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China Aims for 6.5-7% Economic Growth in 2016
China is aiming to expand its economy by 6.5 per cent to 7 per cent in 2016 and keep consumer inflation around 3 per cent, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Saturday.
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Oil Extends Slide Below $30 on Oversupply, Weak China Data
Crude futures dropped below $30 a barrel on Tuesday, extending the previous day's losses by more than 3 percent, as persistent worries about oversupply and more signs of a Chinese economic slowdown spooked the market.
-
China's Xi Jinping Heads to Zimbabwe Ahead of Africa Summit
China's President Xi Jinping is due to start a five-day visit to Zimbabwe and South Africa today, with African concern over the impact of the Chinese economic slowdown set to dominate the agenda.
-
Impact of China's Slowdown on India Depends on Policy Reforms: Panagariya
The impact of China's economic slowdown on India will be largely dependent on how the country proceeds on policy reforms, NITI Aayog Vice Chairman Arvind Panagariya has said amid the perception that Indian economy can gain from the deceleration of the Chinese economy.
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China's Economic Slowdown Adversely Affected India: RBI Governor Raghuram Rajan
China's pain of economic slowdown is India's pain too, RBI Governor Raghuram Rajan said contradicting government assertions that India will not be affected by deceleration of Chinese economy.
