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17th of November 2010
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News Tag: overheating

November 11, 2010

Chinese inflation continues to accelerate

by Kay Murchie
Chinese inflation continues to accelerate
Chinese inflation continued to increase in October, driven by higher food prices. According to the National Bureau of Statistics (NBS), the closely-watched consumer price index rose 4.4% in October, up from 3.6% in September. Not only was the rate higher than analysts had expected, it represented the fastest pace since September 2008 - at the start of the global financial crisis. The rise came ...




October 21, 2010

China’s economy shows signs of cooling

by Kay Murchie
China’s economy shows signs of cooling
Chinese economic growth slowed in the July to September period, to 9.6%, official figures showed today. The world’s third largest economy has experienced sensational growth over recent times, expanding by 11.9% in the first quarter and 10.3% in the March to June period, according to figures from the National Bureau of Statistics (NBS). There were fears that the economy was in danger of ...




July 15, 2010

Chinese economic growth slows in Q2

by Kay Murchie
”Chinese
It appears the world’s third largest economy is cooling after official figures revealed Chinese annual GDP slowed from 11.9% in the first quarter to 10.3% in the March to June period, the National Bureau of Statistics (NBS) said today. The reading was marginally lower than the 10.5% expected by analysts. China’s economy has been growing at an alarming rate and analysts recently ...




July 12, 2010

Chinese exports surge 44%, property prices fall

by Kay Murchie
Chinese exports surge 44%, property prices fall
Figures today revealed Chinese exports grew by 43.9% in June compared with a year earlier. The figure, which exceeded expectations, comes after China overtook Germany as the world’s biggest exporter earlier this year. Germany had held the top spot since 2003. Meanwhile, imports increased by 34.1% year-on-year in June. As a result, China posted a trade surplus of $20.02 billion in ...




June 20, 2010

China’s central bank will keep yuan stable

by Kay Murchie
China’s central bank will keep yuan stable
China’s central bank has refused to bow to pressure to allow its currency, the yuan, to find its own level, after the bank’s website said: "There is at present no basis for major fluctuation or change in the [yuan] exchange rate". The country’s currency policy has been widely criticised and its comments come just 24 hours after the central bank said ...




June 18, 2010

World Bank urges flexible yuan

by Kay Murchie
World Bank urges flexible yuan
China is still under pressure to allow its currency, the yuan, to find its own level, in order to ease inflation and to prevent the economy from overheating. The World Bank is now urging the Chinese Government to allow the yuan, which is also referred to as the renminbi, to strengthen against other international currencies. US legislators and trade groups have previously said ...




June 11, 2010

Chinese inflation exceeds Government target

by Kay Murchie
Chinese inflation exceeds Government target
Chinese inflation continued to increase last month on the back of rising house and food prices. According to China’s statistics bureau, consumer prices in May were up 3.1% on an annual basis – up from April's rate of 2.8% and exceeding the Government's target of 3%. A spokesperson for the bureau admitted that the pressure on inflation was "rather big", but said prices ...




June 8, 2010

Brazil’s economy expands 9% on year

by Kay Murchie
”Brazil’s
Brazil's economy, which is the biggest in Latin America, has posted growth of 9% in the first three months of 2010, compared with the same period a year earlier. The annual growth, which grew at the fastest rate since 1996, was boosted by capital spending and industrial growth, according to official figures from the Government's statistics agency IBGE. Meanwhile, the economy which ...




May 26, 2010

OECD raises global growth forecasts

by Kay Murchie
”OECD
Influential think-tank, the Organisation for Economic Co-operation and Development (OECD), has raised its worldwide growth forecasts in its twice-yearly report. The Paris-based Organisation said the global economy is recovering faster than expected with Asia continuing to drive the expansion. However, debt crises in many countries may threaten expansion in the developed world, the OECD warned. Furthermore, there is a risk of overheating in the Chinese ...




May 24, 2010

China commences talks with US over yuan policy

by Kay Murchie
China commences talks with US over yuan policy
Talks have commenced between China and the US today with the main issue to be the Chinese currency. Hillary Clinton is leading the US delegation as the US argues that China's currency policy unfairly favours its exporters. US legislators and trade groups say the yuan, which is also referred to as the renminbi, is kept up to 40% below ...




May 11, 2010

Risk of China’s economy overheating as inflation surges

by Kay Murchie
Risk of China’s economy overheating as inflation surges
Chinese inflation continued to increase last month on the back of rising house and food prices. According to China's statistics bureau, consumer prices in April were up 2.8% on an annualised basis - the highest rate in 18 months, while house price inflation hit 12.8% - fuelled by new luxury housing in Shanghai. While the figure is still below the Government's ...




April 27, 2010

South Korean GDP surges ahead in quarter one

by Kay Murchie
South Korean GDP surges ahead in quarter one
South Korea's economy, which is the third largest in Asia, expanded by 1.8% in the first three months of the year on the back of a strong recovery in manufacturing, exports and spending. Exports grew by 3.4% in the three month period after contracting 1.5%. Meanwhile, manufacturing grew 3.6% in the first quarter after shrinking 1.7% in the previous quarter. Like ...




March 17, 2010

World Bank raises China growth forecast

by Kay Murchie
World Bank raises China growth forecast
The World Bank has raised its GDP forecast for China and urged the Government to let the yuan appreciate to stop the economy overheating. China‘s economy, which is currently the world’s third largest, has led the way in the global recovery and many have described its recovery as “impressive”. In a quarterly update on China, the World Bank said gross domestic product would ...