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Economy


China will be wealthier with proper reforms, says McKinsey&Co

China could generate an additional US$5.6 trillion GDP and US$5.1 trillion household income by 2030 if the country shifts growth model from an investment-driven one to a productivity-led one, McKinsey&Company ...

June 24, 2016, Friday


US jobless benefit filings near 43-year low

THE number of Americans filing for unemployment benefits fell last week to near a 43-year low, suggesting labor market resilience even though hiring slowed sharply in May. The drop in jobless claims ...

June 24, 2016, Friday


Political uncertainty hits eurozone business activity

POLITICAL and economic uncertainty dampened eurozone private sector business activity in June, a closely watched survey showed yesterday. Data monitoring firm Markit did not cite Britain’s European Union ...

June 24, 2016, Friday


Japan’s manufacturing conditions weaken further

Japanese manufacturing activity fell in June at roughly the same pace as May, a preliminary survey showed, but concerns remain due to supply chain disruptions from an earthquake in April and falling e...

June 24, 2016, Friday


IMF downgrades outlook for US economy

THE International Monetary Fund downgraded its forecast for the US economy this year and said America should raise the minimum wage to help the poor, offer paid maternity leave to encourage more women ...

June 23, 2016, Thursday


US retail sales up as economy sees gains

US retail sales rose in May as Americans bought automobiles and a range of other goods, even as they paid more for gasoline, suggesting that economic growth was gaining steam despite a sharp slowdown ...

June 15, 2016, Wednesday


IMF calls to impose reforms urgently

China needs to implement reforms with more urgency as the economy faces growing vulnerabilities and there are fewer buffers to deal with any shocks, an International Monetary Fund official said yester...

June 15, 2016, Wednesday


Steps to lift investment mooted

CHINA will take targeted measures to counter the slowdown in private investment, the top economic planner said yesterday, including reducing fees and relaxing market access. The National Development ...

June 15, 2016, Wednesday


China issues guidelines for fair competition

THE Chinese government yesterday released new guidelines on reducing regulations and practices that impede the formation of a unified national market and fair competition. A statement by the State Council, ...

June 15, 2016, Wednesday


Weak economic data signal Q2 GDP growth below expectations

INDUSTRIAL output growth in May was flat, while investment and retail both slowed, according to National Bureau of Statistics data released yesterday. The figures added to worries that China’s second-quarter ...

June 14, 2016, Tuesday


 

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