News About The Global Economy 05-NOV-09 en-us Beijing (AFP) Nov 4, 2009 - The World Bank Wednesday upgraded its 2009 growth forecast for China to 8.4 percent on the back of huge public spending but said stronger domestic demand was needed to ensure a sustainable recovery.]]> Hong Kong (AFP) Nov 3, 2009 - The International Monetary Fund said Tuesday that Hong Kong faced a potential surge in property prices and endorsed a government plan to cool any overheating in the market.]]> Beijing (AFP) Nov 2, 2009 - China's manufacturing activity continued to expand in October, as domestic and overseas demand strengthened and employment picked up, an independent survey published Monday showed.]]> Beijing (AFP) Oct 28, 2009 - While the rest of the world struggles to bounce back from the global financial crisis, China's billionaires are living large, snapping up luxury products at a breathtaking pace.]]> Beijing (AFP) Oct 27, 2009 - China's overall energy output rose nine percent on-year in the first nine months of 2009, state media reported Tuesday, in another sign its emergence from the global slump is picking up steam.]]> Hong Kong (AFP) Oct 27, 2009 - Hong Kong exports fell 8.6 percent year-on-year in September, the government said Tuesday, a smaller decline than previous months as regional trading activity rebounded.]]> Shanghai (AFP) Oct 26, 2009 - The world's leading luxury hotels are rushing to expand in Shanghai ahead of next year's World Expo, with hopes high for the upscale travel sector in the Chinese financial hub despite the global downturn.]]> Beijing (AFP) Oct 22, 2009 - China's economy grew 8.9 percent in the third quarter of 2009, the government said Thursday, in a strong sign the world's third-largest economy was on the road to recovery. ]]> Luxembourg (AFP) Oct 20, 2009 - European Union finance ministers agreed on Tuesday that they will start reducing bloated national deficits from 2011 "at the latest," assuming ongoing economic recovery is sustained.]]> Washington (AFP) Oct 19, 2009 - Information technology (IT) spending is expected to rebound in 2010 from its worst year ever, market research firm Gartner said Monday.]]>