Subscribe to our free daily newsletters
News About The Global Economy
December 13, 2017
Property and credit booms stablise China growth
Beijing (AFP) Oct 19, 2016
Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks. The economy grew 6.7 percent in July-September, officials said, just above the 6.6 percent predicted in an AFP poll. "The general performanc ... read more

24/7 News Coverage
Scientists create successful mass production system for bioengineered livers

After the fire, charcoal goes against the grain, with the flow

A dynamic East Antarctic ice sheet has repeatedly grown and shrunk

NASA scientists embark on extreme Antarctic Trek

Scientists share various perspectives on ozone layer recovery

How much soil goes get washed down the drain

Primordial mutation helps explain origin of some organs in vertebrates

China data and US banks propel equities higher
Global stocks rose Friday on upbeat Chinese data and solid earnings by US banks, with London's benchmark index headed back towards its record-high level. ... more
China's ranks of super-rich rise despite economic slowdown
More Chinese joined the ranks of the super-rich this year, a survey showed Thursday, bringing the total to an all-time high despite dragging growth in the world's second-largest economy. ... more
Asia markets hit by US rate talk, Samsung losses mount
Asian markets retreated Wednesday on fears about an expected US interest rate rise this year, while the pound recovered after suffering a series of losses fuelled by worries over Britain's EU exit. ... more
No debt-for-equity cure for zombie firms, says China
China's undead army of zombie corporations will not qualify for debt-for-equity swaps, the government said, as Beijing tries to curb the risks of ballooning corporate debt. ... more
China's forex reserves fall to 5-year low in September
China's mountain of foreign exchange reserves dropped around $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend its currency against capital outflows. ... more
IMF warns over China's 'dangerous' debt load
China's dependence on debt is growing at a "dangerous pace" and it must act to head off a brewing crisis in the world's second largest economy, the IMF warned Tuesday. ... more
Contemporary art market slows as Chinese buyers switch focus
Global contemporary art sales slowed by a quarter in the year to July 2016 as demand in China dried up, according to leading index Artprice. ... more
China's PSBC makes tepid debut on Hong Kong bourse
Postal Savings Bank of China (PSBC) made a low-key debut on the Hong Kong bourse Wednesday, despite notching up the world's biggest IPO in two years aimed at expanding the business. ... more

Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
China manufacturing continues rebound in September
Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday - a positive sign for the world's second-largest economy. ... more
China property tycoon warns on real estate bubble
China's richest man, real estate magnate Wang Jianlin, has warned the country's property market is the "biggest bubble in history" - the latest alarm bell to be sounded on the world's second largest economy. ... more
China foreign expenditure tops inward investment
China invested more money abroad last year than foreign firms piled into the country, data showed Thursday, a first for the world's second largest economy as Beijing looks overseas as part of its drive to transform its economic growth model. ... more
China to allow credit default swaps
China has given the green light to controversial credit default swap trading for the first time, signalling that Beijing is willing to let indebted companies fail to stop economic slowdown. ... more
Asia growth holds stable thanks to China and India: ADB
The Asian Development Bank said Tuesday that growth across the region was holding stable despite global headwinds, with resilience in China and India keeping it on track. ... more
China facing possible debt crisis: bank watchdog
China's banking sector could be facing an imminent debt crisis, a global central bank watchdog has warned, fuelling fresh fears of a blowout in the world's second largest economy which could hit the global financial system. ... more
China new bank loans more than double in August
Lending by Chinese banks more than doubled month-on-month in August, reversing from a sharp fall in July, the central bank said Wednesday, another sign of stabilisation in the world's second-largest economy. ... more
China bank PSBC launches $8.1 bn IPO: reports
Postal Savings Bank of China (PSBC) launched an initial public offering in Hong Kong worth $8.1 billion on Tuesday, reports said, in what is expected to be the world's biggest flotation this year. ... more

Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
Space News from
2 rookie astronauts, and cosmonaut blast off to ISS

'Dragon back' as cargo reaches space station

SpaceX resupply truck Dragon on route to ISS for space research delivery

Opportunity Comes to a Fork in the Road

Thales Alenia Space signs 3 contracts for NASA's deep space exploration

Initial results and data from observations of 'Oumuamua

Planting oxygen ensures a breath of fresh air

China says industrial output, retail sales rise in Aug
China's industrial output and retail sales growth accelerated in August, government statistics showed Tuesday, with both of them exceeding expectations in encouraging signs for the world's second-largest economy. ... more
Europe's Apple tax grab to spur US reforms: Lew
Europe's order for Apple to pay 13 billion euros ($14.6 billion) in back taxes could provoke US tax reforms and a significant break for firms repatriating offshore earnings, US Treasury Secretary Jacob Lew said Monday. ... more
China producer prices fall at slowest in 4 years: govt
China's producer prices fell at their slowest rate for more than four years in August, the government said Friday, another sign of stabilisation in the world's second-largest economy. ... more
China's forex reserves fall $16 bn in August
China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country's central bank sold dollars to defend its currency against capital outflows. ... more
EU defends 'free roaming' pledge despite 90-day limit
The EU insisted Wednesday it had not scrapped its popular pledge to end roaming charges for mobile phone users despite unveiling a proposal to limit the measure to 90 days. ... more
G20 treads lightly on 'globalisation' taboo
Facing populist ire at home, leaders at the G20 summit have tried to walk a fine line: acknowledge anti-globalisation anger while arguing that ever more liberal trade is the cure for sluggish economies. ... more
China's Xi warns against 'empty talk' as G20 summit opens
Leaders of the world's biggest powers met Sunday to try to revive the sluggish world economy, with their host Chinese President Xi Jinping urging them to avoid "empty talk". ... more
China new home price increase picks up in August
Increases in new home prices in China picked up in August from a month ago, a survey showed Thursday, raising worries of further rises in major cities. ... more
The contents herein, unless otherwise known to be public domain, are Copyright 1995-2017 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by SpaceDaily on any web page published or hosted by SpaceDaily. Privacy statement

Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
Buy Advertising Media Advertising Kit Editorial & Other Enquiries Privacy statement