Tag Archives: China
Economic Struggles in China and Greece Chinese authorities sprang into action just a few days after announcing a disappointing first quarter GDP growth rate. The People’s Bank of China (PBOC) last night reduced the banks’ reserve requirement by 1% to 18.5% with the intended goal of free, loanable funds in the banking system in order [...]
The latest report on Chinese GDP raises new concerns about the economic health of the country. The economy grew 7% in the first quarter; conveniently, that is the growth target set by the Chinese authorities for 2015. Unfortunately, it is also the slowest pace since 2009
Durable goods orders finally bounced back in October and rose 0.4% from September after two months of declines. Moreover, September losses are now smaller than initially reported. Gains were concentrated in defense aircraft and parts, reflecting the need to ramp up to deal with escalating tensions in the Middle East including the bombing of ISIS. [...]
The trade deficit widened from $40 billion in August to $43 billion in September. Imports were essentially unchanged while exports declined slightly. Exports of industrial materials and supplies, which include telecommunications equipment and capital goods, were particularly weak.
Economic developments abroad were not in short supply during the past weekend, nor will they be in the week ahead. 1. The first round of the Brazilian presidential election was, as expected, inconclusive, but somewhat surprisingly the center-right candidate Aécio Neves placed second behind incumbent President Dilma Rousseff. Now he will vie for the presidency [...]
I’ve written on five key themes or developments of the week just past in the international economy: 1. According to several press reports, Chinese leaders are considering the replacement of the central bank chief, Zhou Xiaochuan. Mr. Zhou is broadly seen as a reformer, who has been insisting on more liberalization in Chinese financial markets. [...]