German business confidence has increased more than expected this month as hopes rise that Europe’s largest economy will quickly put behind it a weak patch and benefit from an easing in the continent’s financial turmoil, a closely watched survey showed on Friday.Saturday, 26 January, 2013, 9:53am
The United States may have averted a financial calamity with a last-minute budget deal but continued political bickering threatens to shake the fragile economy well into the coming year.3 Jan 2013 - 8:59am
The International Monetary Fund cut its global growth forecasts and warned of even slower expansion unless officials in the US and Europe addressed threats to their economies.10 Oct 2012 - 4:58am
We at the IMF have become more cautiously optimistic in our outlook for global growth over the past few months. A string of encouraging economic indicators have emerged from the United States, and better policies in response to the euro area's deepening crisis have helped reduce the threat of a sharp global slowdown.11 May 2012 - 12:00am
Over recent weeks, as Europe's power brokers have forced Greek politicians to enact new austerity measures against bitter popular opposition, there has been a great deal of misguided talk about how China could bail out the euro zone's debt-stricken economies.14 Feb 2012 - 12:00am
Former IMF chief Dominique Strauss-Kahn delivered yesterday in Beijing his first public speech since quitting the post amid allegations of sexual assault.
In a keynote speech to an annual conference of economists organised by NetEase.com, a mainland news portal, Strauss-Kahn shared his insights on the euro-zone debt crisis.20 Dec 2011 - 12:00am
One of China's top ministers yesterday warned foreign governments against imposing protectionist measures following the recent political and economic upheavals in Greece and other western economies.4 Nov 2011 - 12:00am
Finance ministers and central bank governors in Washington at the IMF/World Bank annual meetings ended their discussions with much whimpering, and a whimper of a final communiqu?12 Oct 2010 - 12:00am
China has surpassed Japan as the world's second-largest economy, underscoring its emergence as an economic superpower but raising concerns growth will come at a cost.
Japan's gross domestic product in the three months to the end of June was US$1.288 trillion, while that of China was US$1.337 trillion, Japan's Cabinet Office said.17 Aug 2010 - 12:00am
The world changed this year. For the first time in recorded history, India and China are the drivers of the global economy. The implications are profound, though not recognised as yet by the world's premier economic club, the Group of Seven, which seems more and more to control a wheel detached from the rudder.3 Dec 2007 - 12:00am
The mainland's foreign exchange regulator issued new rules yesterday, giving companies in bonded zones more flexibility in managing foreign currencies.
To take effect from October 1, the rules will remove the mainland's long-held policy of forcing businesses in bonded zones to change a portion of their income into the yuan, which has appreciated 5 per cent so far this year.16 Aug 2007 - 12:00am
How do you 'multilateralise regionalism'? Any idea what a 'red box limitation' is, or a 'green box subsidy' for that matter?
This is just a taste of the jargon an average citizen can expect during deliberations at the World Trade Organisation meeting in Hong Kong in December.
However, help is on the way.5 Oct 2005 - 12:00am
All's well in the Middle Kingdom, according to our old friends at the National Bureau of Statistics (NBS). Last Friday the government's bookkeepers announced that the national economy grew by 9.5 per cent in the first three quarters of the year. That is robust, but not too robust: the third-quarter growth rate was 9.1 per cent, down from earlier quarters.25 Oct 2004 - 12:00am