economy news
The Latest
-
China Overtakes U.S. In World Wealth Segment
China recorded more rich people than the U.S. in the latest Credit Suisse world wealth rankings report. China recorded more rich people than the U.S. in the latest Credit Suisse world wealth rankings report. -
China Surprises By Keeping Lending Rate Unchanged For October
China did not change its benchmark lending rate despite earlier predictions of a rate cut this month. China did not change its benchmark lending rate despite earlier predictions of a rate cut this month. -
Hunan Province Imposes Total Ban On Peer-To-Peer Lenders
The Hunan Provincial-Local Financial Supervision Administration has now imposed an unprecedented blanket ban on all P2P lending activities throughout the region. The Hunan Provincial-Local Financial Supervision Administration has now imposed an unprecedented blanket ban on all P2P lending activities throughout the region. -
Foshan City Bolsters Economic Cooperation With Germany
Foshan's Sino-German Industrial Services Zone is set to host the China (Guangdong) International Internet Plus Exposition this week, an event that aims to bolster cooperation between China and Germany. Foshan's Sino-German Industrial Services Zone is set to host the China (Guangdong) International Internet Plus Exposition this week, an event that aims to bolster cooperation between China and Germany. -
Singapore Economy On Edge As MAS Eases Monetary Policy
Singapore’s central bank eased on its monetary policy on the same day it was revealed that economic growth sat at 0.1 percent year-on-year. Singapore’s central bank eased on its monetary policy on the same day it was revealed that economic growth sat at 0.1 percent year-on-year. -
China's Richest List Sees Shift Of Wealth To Tech And Pharma Moguls
The shift in the list of China's richest is a clear reflection of the country's evolving economy and its departure from being simply the world's factory. The shift in the list of China's richest is a clear reflection of the country's evolving economy and its departure from being simply the world's factory. -
Most Americans Welcome Friendly Ties With China, Survey Says
A Chicago Council survey indicated that most Americans welcome good trade relations with China. A Chicago Council survey indicated that most Americans welcome good trade relations with China. -
Asia-Pacific Region Overtakes Europe As World’s Most Competitive Region
Asia-Pacific pushed Europe and North America out of the top spot in this year’s index for the world’s most competitive region. Asia-Pacific pushed Europe and North America out of the top spot in this year’s index for the world’s most competitive region. -
IMF Estimates $700 Billion Loss For Global Economy If US-China Trade War Continues
New IMF director, Kristalina Georgieva, mentioned during her maiden speech on Tuesday that the ongoing trade war could cost the global economy up to $700 billion by 2020. New IMF director, Kristalina Georgieva, mentioned during her maiden speech on Tuesday that the ongoing trade war could cost the global economy up to $700 billion by 2020. -
Pressure On MAS Amid Technical Recession Fears
Singapore’s central bank is under pressure as economic experts wait on how the MAS will move to curb the impact of a slowing global economy. Singapore’s central bank is under pressure as economic experts wait on how the MAS will move to curb the impact of a slowing global economy.