As per recent reports on China economic conditions Chen Deming, Commerce Minister of China professed nation’s commitment towards free trading and similar economic policies.
According to his opinion this is one of various ways to address present Chinese economic conditions. He opined that free trade would be beneficial for world economy as well.
Latest reports on economic conditions of China have confirmed that this Asian nation has adopted an approach of open trading to address economic imbalances. It has been encouraging local companies to conduct business with their European counterparts.
As far as information on economic conditions in China is concerned 37 procurement deals have been signed by China with Germany. Aggregate worth of these procurement contracts are 11 billion Euros.
Economic conditions at China and reports regarding same suggest that Chinese economy has been recovering from tremors of global economic catastrophe. However, there are still some effects of ongoing economic crunch.
News on China economic conditions have revealed that in 2008 fiscal Chinese economy grew at a rate of 9 percent. This was lower than in fiscal 2007 when rate of growth was 13 percent. Rate of economic growth in last quarter of 2008 fiscal was 6.8 percent.
As per newest reports on China economic conditions state owned banks of China have provided loans worth $175 billion. This money was provided in order to help national economy. In other reports from China economic world purchasing managers’ index of Chinese government has gone up in January 2009 to 45.3 percent from 41.2 percent as was case in December 2008. This index is used to measure economic activities in China’s manufacturing sector.
Consumer prices have increased at a rate of 0.9 percent in January 2009 compared to December 2008. Much of this has to do with fact that Lunar New Year occurred in January this time around.
In its reports on China economic conditions in 2009 World Bank has predicted that in that period Chinese economy would grow at a rate of 7.5 percent. A growth rate of 8 percent has also been predicted for China economy in 2009 fiscal.
National Reform and Development Commission has said that it is hopeful that its economic measures would be helpful in restoring China economic conditions to their normal self.
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With the ECB meeting and US jobs data the key events of the week, it is understandable the August US trade balance, due out Friday, is not drawing much attention. However, the combination of the growth differentials, favoring the US, and the strong dollar lead to some concerns that trade will act as a drag on GDP.
Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.
Vice President and Director of the Global Economy and Development Program at the Brookings Institution. Former Turkish Minister of State for Economic Affairs. Head of the United Nations Development Program (UNDP) from 2005-2009.
Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion – writing. A gifted communicator, strategist, writer and avid blogger, Andrea is Managing Director of SAJE, a digital communications agency, and The Writers Shop – a regional collaboration between the best business writers in Asia Pacific