Economic Growth

Women helping one another will help Asia to grow

In the next 50 years, most economic growth worldwide will take place outside the G7 countries. But that's only half the story. Who are the people who will be the driving force for this growth? Many will be women.

Tuesday, 4 December, 2012, 3:36am

Mainland growth may exceed target

Mainland growth may exceed target

China's economic growth may accelerate to 8 per cent next year, with the new leadership maintaining macroeconomic policies but focusing more on promoting social equality.

8 May 2015 - 9:48am

Cautionary fable from 1994 holds good for China today

Job seekers read want ads during a job fair in China. Rapid output growth could be explained entirely by rapid growth in inputs of labour and capital. Photo: Xinhua

If China's new leaders really want to understand the economic challenge they face, they should dig out an essay published in the November 1994 edition of Foreign Affairs magazine by American economics professor Paul Krugman.

8 May 2015 - 9:46am 3 comments

China's growth at any cost the cause of instability

China's fixation with hypergrowth led to its economic miracle, but now it threatens to unravel this achievement.

China's high-growth dependency on fixed-asset investments has brought with it high energy costs, opening a Pandora's box of inflation, raising the costs of production, transport and labour, while reducing China's competitive advantage and threatening to roll back economic achievements that characterised the China economic miracle.

8 May 2015 - 9:46am 3 comments

Hu report signals slower GDP growth, researcher says

An investor watches stock market movements while listening to Hu Jintao reveal plans for the economy. Photo: Reuters

Economic goals laid out in Hu Jintao's report to the 18th party congress report have sent a clear signal that Beijing is willing to slow growth and focus on boosting people's wages, a senior government researcher said.

8 May 2015 - 9:46am

No reason to cheer 'growing' US economy

Job seekers at a recruitment fair in New York. Underlying fundamentals of the US economy such as job growth remain very weak. Photo: AP

Despite some recent data indicating an uptick in US growth, underlying fundamentals such as job growth remain very weak. The stronger third-quarter gross domestic product figure was largely a function of government spending, which is unlikely to repeat itself in the context of the looming fiscal cliff.

6 Nov 2012 - 2:26am

Ningbo protests against growth at any cost

The backbone of the new affluent China.

China's days of pursuing growth above all else are over. Protest upon protest over industrial projects that citizens see as damaging to health and the environment make that plain; people are no longer willing to put up with pollution and the consequences.

30 Oct 2012 - 3:04am 3 comments

US economy picks up, grows 2pc in third quarter

New homes are seen under construction in Decatur, Georgia. Photo: EPA

The US economy grew at an annual rate of 2.0 per cent in the third quarter from the second quarter, the government said on Friday for the July-September period.

26 Oct 2012 - 9:19pm

Beijing's energy ambitions threatened by lack of water

Beijing's energy ambitions threatened by lack of water

Most analysts who argue that China's economic growth is heading for a structural downshift base their argument on fears about unsustainable levels of debt.

With the economic returns on additional investments declining, they believe that attempting to maintain current investment and growth levels must inevitably force China into a crippling debt crisis.

8 May 2015 - 9:46am 3 comments

Federal Reserve cites moderate US growth, takes no new action

The Fed took no new action after a two-day policy meeting. Photo: AP

The Federal Reserve says the US economy is improving only moderately and still needs its support to help lower unemployment.

The Fed took no new action after a two-day policy meeting. It wants time to assess whether aggressive steps launched in September will boost growth and job creation.

25 Oct 2012 - 4:53am

Data suggests China's economy is bottoming out

China's economy is still digesting the misallocation of capital for dubious infrastructure projects. Photo: Xinhua

The latest data suggests China's economy has bottomed out. This will have come as a relief to Beijing, and not just because a soft landing would remove a potential threat to stability during the once-in-a-decade leadership change.

8 May 2015 - 9:46am

Amid global gloom, cities can spark growth

This week, the International Monetary Fund and the World Bank are holding their Annual Meetings in Tokyo. The mood has already been set by the downgrading of growth forecasts.

13 Oct 2012 - 5:15am

World Bank must lead harder strike at poverty

The IMF-World Bank annual meetings in Tokyo provide the new World Bank chief, Jim Yong Kim, with an opportunity to signal the institution's goals. With 1.3 billion people worldwide still living on less than US$1.25 a day, the aim should be to end poverty - but with a difference.

10 Oct 2012 - 3:08am

World Bank cuts growth forecast for Asia-Pacific, China GDP to gain 7.7%

Thai fishermen may be among the exporters in developing countries who will continue to suffer from growth uncertainties in the Asia-Pacific. Photo: Reuters

The World Bank cut some of its growth forecasts for Asia yesterday on the back of weakening economic growth prospects in China and uncertainties brought about by turmoil in Europe.

9 Oct 2012 - 3:01am

China’s economic growth still slowing down, survey shows

China's overall factory activity shrank for the 11th consecutive month in September.  Photo: Reuters

China’s economy has almost certainly suffered a seventh straight quarter of slowing growth, with a new private sector survey of factory managers revealing a near year-long decline in business activity and a fresh fall in export orders in September.

8 May 2015 - 9:46am