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News About The Global Economy
September 01, 2016
G20 to go long on rhetoric, short on economic policy: experts
Beijing (AFP) Aug 31, 2016
G20 leaders will meet in China this weekend in a climate of economic uncertainty and sluggish global growth - but the absence of an urgent crisis means the forum will be short on breakthroughs, analysts say. Eight years after the first G20 summit in Washington, when countries coordinated a response to the financial meltdown, Beijing has set a modest agenda for the Hangzhou gathering - focusing on making the world economy "innovative, invigorated, interconnected, and inclusive". But as countrie ... read more

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IMF warns on China's mid-term economic stability
China must take "urgent" action to reform its economy or risk "permanently lower growth", the International Monetary Fund said in a report Friday, citing mounting corporate debt as a major concern. ... more
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China retail sales growth slows in July, misses expectations
China's retail sales growth slowed sharply in July, government statistics showed Friday, missing expectations in a disappointing sign for the world's second-largest economy with authorities looking to consumer demand to push growth. ... more
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China's trade performance disappoints in July
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HSBC profits plunge as Brexit uncertainty bites
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Japan approves huge stimulus for sluggish economy
Japan's cabinet Tuesday approved a mammoth 28-trillion yen ($273 billion) package in its latest attempt to stimulate lacklustre growth, including cash to improve infrastructure and raise the birthrate in the ageing nation. ... more
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Bank hacks raise fears for financial sector
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Brexit is risk to global growth, says G20
Britain's vote to leave the European Union heightens risks for the world economy, finance chiefs from the G20 group of leading countries said Sunday, vowing to use "all policy tools" to boost growth. ... more
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Microsoft delivers earnings surprise, stock rises
Microsoft said Tuesday it posted a profit of $3.1 billion in the just-ended quarter, swinging into the black a year after hefty charges from writing off mobile phone assets. ... more
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US warns against devaluation ahead of G20 finance meeting
US Treasury Secretary Jacob Lew on Thursday said top economies should refrain from competitive currency devaluations - a message likely directed at China, which hosts a G20 finance ministers meeting this weekend. ... more
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China's second-quarter economic growth beats forecasts
China's economy expanded more than expected in the second quarter of the year, Beijing said Friday, fuelling hopes growth may be stabilising, but analysts warned private investment was worryingly low. ... more
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Tech icons pan Trump as 'innovation disaster'
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G20 nations pledge to boost trade despite growing protectionism
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China forex reserves rise unexpectedly in June
China's foreign exchange reserves unexpectedly increased by $13 billion last month, officials said Thursday, as pressure on its currency the yuan to depreciate apparently eased. ... more
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China changes GDP calculations again
China has altered its gross domestic product calculation method for the second time in less than a year, officials said Tuesday, amid doubts among overseas investors about data accuracy. ... more
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China manufacturing deteriorates sharply in June: Caixin
Activity in Chinese factories suffered its sharpest deterioration for four months in June, figures showed Friday, as weak demand and industrial overcapacity weighed on the world's second-largest economy. ... more
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Christo artwork a 'waste of public money': watchdog
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China banks write off $300 billion in bad loans: official
Chinese banks have written off more than $300 billion of bad loans in the past three years, an official said Thursday as Beijing seeks to reassure investors that the country can cope with its mounting debt problem. ... more
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China's total debt is more than double GDP: govt economist
China's total borrowings were more than double its gross domestic product (GDP) last year, a government economist said, warning that debt linkages between the state and industry could be "fatal" for the world's second largest economy. ... more
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China bank lending rebounds strongly in May
China's bank lending rebounded strongly in May following a sharp fall in April, the central bank said Wednesday, as borrowers continued to take advantage of loosened lending standards put in place by Beijing in hopes of stimulating slowing economic growth. ... more
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China economic outlook "uncertain" as vulnerabilities loom: IMF
China's economic outlook is uncertain with corporate debt and an opaque financial sector contributing to looming vulnerabilities, an International Monetary Fund Official said Tuesday. ... more
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