18 September 2019

Macro Economy

  • US Treasury Secretary Jacob Lew is reminding China about its commitment to using its antitrust law to promote consumer welfare, not certain companies. Photo: Bloomberg

    US warns China over antitrust probes

    Sep 15, 2014 11:37am
    United States Treasury Secretary Jacob Lew has warned his Chinese counterpart that a spate of antitrust investigations against foreign companies could harm bilateral relations. In a letter to Chinese Vice Premier Wang Yang, Lew said China’s actions could...
  • Many fresh graduates find it hard to land a job because of a mismatch between their education and the demands of enterprises. Photo: Xinhua

    Salaries of fresh college graduates declining

    Sep 5, 2014 1:18pm
    Salary levels of fresh university graduates in China have been decreasing in the past years even as employers are having difficulties finding the right people they need. About 7.27 million new college degree holders got an...
  • Beijing, which is grappling with severe air pollution, has seen its foreign tourist numbers fall 5.9 percent in the first seven months of this year. Photo: Bloomberg

    Pollution, strong renminbi crimp China tourist inflow

    Sep 5, 2014 9:08am
    China has seen a decline in foreign tourist arrivals this year, with pollution and a strong renminbi deterring some potential visitors, according to a report. The capital city Beijing, for instance, received 2.36 million overseas visitors...
  • ECB president Mario Draghi says stagnant growth and weakening inflation pushed the central bank to cut interest rates. Photo: Bloomberg

    ECB cuts rates, unveils new stimulus plans

    Sep 5, 2014 8:50am
    The European Central Bank has cut interest rates and unveiled new stimulus plans to boost the eurozone’s weak economy. The euro fell more than 1 percent against the US dollar to a 14-month low while European equity...
  • Corruption has resulted in the loss of millions of lives in the poorest nations each year because governments are deprived of the resources to fight poverty, disease and hunger. Photo: AFP

    Corruption costs poorest nations US$1 trillion a year

    Sep 3, 2014 1:52pm
    Some US$1 trillion is taken out of poor nations and 3.5 million lives lost each year because of corruption, according to a study by anti-poverty group ONE. Developing countries’ efforts to fight poverty, disease and hunger...
  • The Federal Reserve led by chairwoman Janet Yellen is looking for more evidence that the US economic recovery is sustainable before signaling that rate increases are on the way. Photo: Bloomberg

    Fed debates rate hike in policy meeting

    Aug 21, 2014 8:14am
    Federal Reserve officials debated during their policy meeting in July whether they should raise interest rates sooner than expected amid the strengthening economic recovery, but they were restrained by lingering doubts on whether the gains would...
  • Officials blame overcapacity in the manufacturing sector for the decline in foreign investment in China. Photo: AFP

    China FDI falls 17%, officials dismiss link to govt probes

    Aug 18, 2014 4:14pm
    Foreign direct investment into China fell 17 percent in July from a year earlier, but officials dismissed suggestions that the decline was due to the government’s anti-trust investigations into overseas companies, the Wall Street Journal reported...
  • A higher sales tax aimed at curbing the world's largest debt pile, weighed on Japan's economy in the June quarter, with growth slowing the most since the 2011 earthquake and tsunami. Photo: Bloomberg

    Japan economy worst since 2011 quake

    Aug 13, 2014 2:49pm
    Japan’s economy shrank the most since the devastating 2011 earthquake and tsunami, dragged by increased sales taxes aimed at easng the world’s biggest debt burden, Bloomberg reported Wednesday. Gross domestic product (GDP) fell an annualized 6.8...
  • China’s rapid credit expansion in the past five years puts it in the top five credit booms of the modern era. Photo: Bloomberg

    Part 2: Transformation or bust

    - Aug 13, 2014 11:32am
    In my last column, my young colleague Worth Wray and I continued our series exploring the risks posed by China’s rapid private sector debt growth and its consumption-repressing, investment-heavy growth model that is quickly running out...
  • Federal Reserve chairman Janet Yellen's resolve will be tested as pressure mounts for the Fed to raise interest rates. Photo: Reuters

    Yellen determined not to raise interest rates too soon

    Aug 13, 2014 9:03am
    Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she’d rather fight inflation than another economic downturn. Interviews with current and former Fed officials indicate that Yellen and core...
  • Federal Reserve vice chairman Stanley 
Fischer says lagging growth may reflect "a more structural longer-term shift in the global economy". Photo: Bloomberg

    US and global growth disappointing, Fed official says

    Aug 12, 2014 8:20am
    A soft US housing recovery and weak labour force participation are two reasons for disappointing global growth, and this could be a long-term phenomenon, US Federal Reserve vice-chairman Stanley Fischer said. His comments reflect continuing concern about the economy...
  • China's 2008 economic stimulus released trillions of yuan in government spending, mostly financed by debt. Photo: Bloomberg

    China kicks off second round of privatisation

    Aug 11, 2014 4:16pm
    China’s attempts to launch a fresh round of privatization of state-owned enterprises (SOEs) are being driven by local governments’ efforts to squeeze cash out the debt-strapped champions. Two decades ago, thousands of poorly performing national and...
  • A BYD Co. production line in Shenzhen. China is easing credit to support growth amid rising debt risks. Photo: Bloomberg

    China eases monetary conditions in test of credit power

    Aug 11, 2014 8:03am
    China loosened monetary conditions last quarter at the fastest pace in almost two years, testing the waning effectiveness of credit in supporting economic growth, Bloomberg reported Monday. A weighted average of loan growth, real interest rates...
  • China and Taiwan hope to seal a free-trade agreement that will eliminate tax of most of the goods flowing between the two sides. Photo: Bloomberg

    China, Taiwan to resume talks on goods free-trade pact

    Aug 6, 2014 7:37am
    China and Taiwan have agreed to restart formal negotiations on a goods free-trade agreement, Reuters quoted representatives from Taiwan’s Straits Exchange Foundation as saying Tuesday. The negotiations, which have been underway for years, will resume at the...
  • WTO has missed a deadline to pass a rule on customs rules standardization due to some Indian demands..

    India blocks WTO deal on customs rules

    Aug 1, 2014 7:45am
    The World Trade Organization (WTO) failed on Thursday to reach a deal to standardize customs rules as India demanded concessions on agricultural stockpiling, Reuters reported. “We have not been able to find a solution that would...
  • Real estate remains a key uncertainty for the Chinese economy, says the IMF. Photo: Bloomberg

    China must set moderate growth target for 2015: IMF

    Jul 31, 2014 1:46pm
    China must set 6.5-7.0 percent GDP expansion target for 2015 and refrain from stimulus measures unless there is a risk that growth will fall sharply below that range, Reuters cited the International Monetary Fund (IMF) as...
  • The Federal Reserve under chairwoman Janet Yellen repeats that short-term rates will stay low for "considerable time" after its bond buying program ends by October. Photo: Bloomberg

    Fed boosts view of economy but rates to stay low

    Jul 31, 2014 8:04am
    The Federal Reserve said on Wednesday it would cut down its asset purchases to US$25 billion monthly, down from US$85 billion at its peak, while issuing a more upbeat assessment of inflation, jobs and the economy,...
  • South Korea's finance minister Choi Kyung-hwan has acted on his pledge to take aggressive measures to shore up the economy. Photo: Bloomberg

    S Korea unveils US$40 bln stimulus to spur growth

    Jul 25, 2014 8:14am
    South Korea unveiled on Thursday a US$40 billion stimulus package to help boost the nation’s economy, as data showed a slowdown in GDP growth amid a drop in private consumption. Choi Kyung-hwan, the country’s recently-appointed finance minister, promised...
  • Asia will remain as a source of global growth, provided it continues on the path of reform, the IMF says. Photo: Xinhua

    IMF forecasts 5.4% Asia growth for 2014, Xinhua says

    Apr 29, 2014 7:50am
    Asia will see steady growth of 5.4 percent this year and 5.5 percent in 2015, Xinhua news agency reported Monday, citing the International Monetary Fund. External demand is expected to pick up, along with economic recovery...