How to increase China's labor market flexibility and optimize the order of different reforms with the goal of financial stability and higher efficiency are two major issues the country needs to think of in its medium-term reforms, an expert said Sunday.
The resource dependent Australian economy is in a holding pattern as the tension ahead of a critical federal election ramps up. All eyes are on the bell-weather retail industry and Aussie consumers, who, according to a leading economist, have "gone on strike" in 2013.
How to increase China's labor market flexibility and optimize the order of different reforms with the goal of financial stability and higher efficiency are two major issues the country needs to think of in its medium-term reforms, an expert said Sunday.
Chinese Premier Li Keqiang says macroeconomic policies should be more scientific, forward-looking and targeted, to promote healthy growth in the long run.
Chinese Premier Li Keqiang said Tuesday that macroeconomic policies should be more scientific, forward-looking and targeted to promote continuous and healthy growth in the long run.
J.P. Morgan has revised down its estimate on China's 2013 year-on-year economic growth rate from 7.6 percent to 7.4 percent, lower than the government's official target of 7.5 percent.
The Chinese economy slowed for a second straight quarter this year, but the weakness may prod new leaders to roll out more reforms to prop up an economy beset by overcapacity and financial uncertainties.
The Chinese economy slowed for a second straight quarter this year, but the weakness may prod new leaders to roll out more reforms to prop up an economy beset by overcapacity and financial uncertainties.
The International Monetary Fund cut its 2013 growth forecast for the world economy Tuesday to 3.1 percent, due to a slowdown in several key emerging market economies.
China's economic growth is expected to further slide from a 13-year low as credit tightening and overcapacity continue to weigh on the world's second largest economy.
The majority of Asia Pacific-based chief financial officers expect growth in revenues and profits at their corporations in 2013, according to the Bank of America Merrill Lynch 2013 CFO Outlook Asia report issued on Monday.
Visitors from China are keeping New Zealand's tourism industry afloat, but the industry's contribution to the country's economy stagnates, according to a University of Canterbury study.
Market focus has turned to the downside risks facing China's growth in the short term after hopes of a steady recovery in the world's second largest economy proved to be in vain.
South Korea's finance ministry on Thursday upgraded its 2013 growth outlook for the country to 2.7 percent from an earlier estimate of 2.3 percent, citing fiscal stimulus package and modest recovery of the global economy.
China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC.
The IMF on Friday lowered its forecast of U.S. economic growth to 2. 7 percent next year, 0.3 percentage point lower than its April prediction against the backdrop of the government spending cuts.
Chinese shares fell to a six-month-low on Thursday, as patchy economic data and an equity retreat in emerging markets raised concerns of a liquidity drain in the world's second largest economy.
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