In a widely anticipated move, the Bank of Canada (BoC) has announced another quarter-point decrease to its policy interest rate, bringing it down to...
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BEIJING — A series of recent downbeat indicators have dampened expectations for China’s economic performance in July and bode ill for the rest of 2024. The data also point to the need for more stimulus measures beyond covering up the problems in the world’s second-largest economy. Calls to further step up the $19 trillion economic growth-boosting measures have haunted officials after a hoped-for post-pandemic recovery failed to materialize in 2023. However, the government is targeting economic growth of around 5 percent this year. Recent data points to a rocky start to the second half of the year. Central bank data on Tuesday showed new bank lending in July plunged to a 15-year low. Other key indicators showed export growth slowing and factory activity slumping as manufacturers grapple with weak domestic demand. China’s economy grew about 4.7 percent in the second quarter from a year earlier, slower than expected, as consumers remained reluctant to spend. And trade ties with key markets have become increasingly strained, suggesting a prolonged period of weakness is increasingly likely. “Market consensus is moving to the left side of the ‘around 5 percent’ growth target, as the economy slowed in July and a strong plan to support …
In a widely anticipated move, the Bank of Canada (BoC) has announced another quarter-point decrease to its policy interest rate, bringing it down to...
In a widely anticipated move, the Bank of Canada (BoC) has announced another quarter-point decrease to its policy interest rate, bringing it down to...
By Ryan McMaken According tothemost recent report from the federal government’s Bureau of Labor Statistics, the US economy added 142,000 jobs...
Donald Trump seems to get very confused when talking about economics. The U.S. did have respectable growth under his administration, but it was not...
Worries that China’s external surpluses result from industrial policies reflect an incomplete view China’s widening trade surplus and the...
As China faces growing economic challenges, investors are being urged by a leading independent financial advisory and fintech to reassess their...
As China faces growing economic challenges, investors are being urged by a leading independent financial advisory and fintech to reassess their...
The evidence suggests that empires often react to periods of their own decline by over-extending their coping mechanisms. Military actions,...
The evidence suggests that empires often react to periods of their own decline by over-extending their coping mechanisms. Military actions,...
Governing Council was out for August, but tomorrow — on Wednesday, September 4 — they’ll be back for the third-last interest rate announcement...