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China's growth outlook positive despite uncertainties

[ 2017-05-27 ]
...re is improving, new momentum is also gathering," Guo said. As a significant growth driver, consumption contributed to 77.2 percent of GDP increase in the first quarter. The service sector as a whole rose 7.7 percent year on year in the first quarter, faster than the 3-per...

Hard to know Moody's mood

[ 2017-05-26 ]
...latest move is confusing, because it did not change China's ratings in the 1990s when its economic growth slowed or in the 2000s when its GDP growth was very high. Moody's move, therefore, reveals its prejudice against China. The majority of the countries that have got Aaa or Aa...

Consumer confidence continues to rise in Q1

[ 2017-05-26 ]
...ng, and the company is particularly optimistic about this year's prospects. The consumption sector accounted for 64.6 percent of China's GDP growth last year, becoming the biggest driver of economic growth. huyuanyuan@chinadaily.com.cn   A tourist buys bronzeware...

Asia to remain 'champion of growth'

[ 2017-05-26 ]
... an economist in the IMF's Asia and Pacific department, says that demographic trends could subtract 0.5 to 1 percentage point from annual GDP growth over the next three decades in countries including China and Japan. Overall, demographics are likely to be slightly negative for A...

On the way to achieving targeted growth rate

[ 2017-05-26 ]
..., China has managed to maintain the basic momentum of growth. Therefore, it is very likely that China will meet its targeted year-on-year GDP growth of at least 6.5 percent this year. But the drop in the producer price index in April-down to 6.4 percent from 7.8 percent in Febr...

Asian economy prepares for choppy seas

[ 2017-05-26 ]
...China and Japan for 2017 was revised up because of continued policy support and improved growth momentum toward the end of 2016. China's GDP growth is expected to stay strong, although it could slow to 6.2 percent in 2018. Japan's growth is projected at 1.2 percent, which could...

Listed companies' profits point to new economic momentum

[ 2017-05-26 ]
...elopment expenditures rose 9.4 percent in 2016 year on year to 1.55 trillion yuan, accounting for 2.08 percent of gross domestic product (GDP) in 2016, data from the National Bureau of Statistics revealed. "China's transition to slower but structurally rebalanced growth continu...

Moody's downgrade flawed, market reaction muted

[ 2017-05-26 ]
...16, China's foreign debt totalled 1.4 trillion yuan ($203.8 billion), accounting for only 5.4 percent of the total debt and 13 percent of GDP, significantly lower than major economies all over the world, Bank of Communications said in a research note. "In stark contrast to West...

Big data to play big role in global economy

[ 2017-05-26 ]
...s playing an increasingly important role in driving the world’s economic growth. It is expected that big data technology will grow global GDP by an over two percent year-on-year increase by 2020, said Bai Chunli, president of the Chinese Academy of Sciences. Bai said people sho...

Airport hubs eyed for city clusters

[ 2017-05-26 ]
...Five-Year Plan (2006-10), the three city clusters, as the most vigorous, open and innovative regions in China, produced 36 percent of the GDP and gathered 18 percent of the total population, he said. In 2016, the passenger turnover in the airport clusters of the three regions re...

Can Asia take the next step to high income?

[ 2017-05-25 ]
... and solving problems are more likely to become innovators. A one-time increase in public infrastructure investment equal to 1 percent of GDP has been shown to immediately lift economic output by 0.3 percent of GDP, and by nearly 1.2 percent after 7 years. Different economies pr...

Any capital outflow must not be allowed to hurt stock market

[ 2017-05-25 ]
...a's broad measure of money supply, or M2, increased only by 10.5 percent in April, the slowest pace since July last year. China has set a GDP growth target at around 6.5 percent this year. Although some economists have forecast that it could achieve that target, others say growt...

Beijing rebuts credit rating downgrade

[ 2017-05-25 ]
... reduction of excessive production capacity and cutting corporate and government debt. It has also seen higher-than-expected year-on-year GDP growth of 6.9 percent in the first quarter of 2017, firming market expectations that it will meet its GDP growth target of about 6.5 perc...

China says Moody's downgrade overestimates difficulties

[ 2017-05-25 ]
...nd aggregate demand." In its response to Moody's estimation that the Chinese government's debt burden would increase toward 40 percent of GDP by 2018 and 45 percent by the end of the decade, the ministry said that the debt risk index for 2018 to 2020 is expected to have no big d...

Experts say Moody's downgrading of China's credit rating shows miscalculations

[ 2017-05-25 ]
... reform and moderately expand domestic demand. The Chinese economy maintains a stable and positive momentum into 2017,with first quarter GDP up to 6.9 percent, further accelerating growth rate by 0.2 percentage points year on year. Third, Moody's conclusion that rises in comme...

Beijing rebuts credit rating downgrade

[ 2017-05-25 ]
... reduction of excessive production capacity and cutting corporate and government debt. It has also seen higher-than-expected year-on-year GDP growth of 6.9 percent in the first quarter of 2017, firming market expectations that it will meet its GDP growth target of about 6.5 perc...

Consumer confidence surges in Q1

[ 2017-05-24 ]
...at this year will be a landmark for the consumption upgrading and the company is particularly optimistic about this year's prospects. The consumption sector accounted for 64.6 percent of China's GDP growth last year, becoming the biggest driver of the economic growth.  

China dismisses Moody's downgrade as 'inappropriate'

[ 2017-05-24 ]
...ementation of the Belt and Road Initiative," the MOF said. The ministry also refuted Moody's expectation that China's government debt-to-GDP ratio would rise to 40 percent in 2018. "China's government debt risks are controllable overall, with a debt ratio of 36.7 percent in 20...

Asian economy prepares for choppy seas

[ 2017-05-22 ]
... China and Japan for 2017 was revised up because of continued policy support and improved growth momentum toward the end of 2016. China's GDP growth is expected to stay strong, although it could slow to 6.2 percent in 2018. Japan's growth is projected at 1.2 percent, which could...

China leads global emerging markets boom in 2017: summit

[ 2017-05-22 ]
...stment Summit 2017 in Dubai said Monday that China is leading the global emerging markets boom in 2017, which is expected to see combined GDP rise of 4.6 percent. Renowned Singapore-based fund manager Mark Mobius, Executive Chairman at Temepleton said here on Monday he expects t...
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