The People’s Bank of China is maintaining a prudent approach in the face of rising inflation and a weakening economy. Photo: Reuters

China’s central bank sticks to prudent policy to prevent inflation spread

  • People’s Bank of China affirms goal of lower real interest rates through reform
  • As growth slows consumer inflation reaches 3.8 per cent, due in part to soaring pork prices
Topic |   China economy

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The People’s Bank of China is maintaining a prudent approach in the face of rising inflation and a weakening economy. Photo: Reuters
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China and the United States contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, according to the Institute of International Finance. Photo: EPA

China, US push global debt towards record US$255 trillion as trade war continues to impact global economy

  • The two nations contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, said the Institute of International Finance
  • The overall debt load stood at over US$250 trillion at the end of June, equivalent to 320 per cent of global gross domestic product
Topic |   China economy

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China and the United States contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, according to the Institute of International Finance. Photo: EPA
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