Is China Heading For An Economic Slowdown?
Last week, Beijing released its June inflation and national trade account figures, with data suggesting that the government’s current measures to cool down its economy may be inadequate.
Category: Markets
Times of Trouble: Can Christine Lagarde Lead the IMF Through its Toughest Period?
To most regular observers, the appointment of Christine Lagarde as IMF’s Managing Director came as no surprise. Lagarde had been seen as the overwhelming favourite to replace Dominique Strauss-Kahn and was duly elected despite calls for a candidate from an emerging economy. However, the challenges for Lagarde are great. While Lagarde may undoubtedly have the credentials to run one of the world’s most influential financial organisations, doubts will remain over her actual ability until she proves herself worthy of the role.
Japan’s Economic Recovery Moving Quickly, Says Trade Minister
Japan’s Economy, Trade and Industry Minister Banri Kaieda told fellow ASEAN trade ministers last Saturday that the Japanese economy was recovering from the catastrophic March 11 earthquake and tsunami at a faster rate than initially expected.
Pakistan Turns to China After US Suspends US$800 Million in Military Aid
A senior Pakistani official told CBS News on Sunday that Pakistan’s “close and effective defence ties” with China will be able to “fill the gap” that has been left behind by US withdrawal of military aid.
Earlier in the day, White House Chief of Staff William Daley went on ABC News’ ‘This Week’ to confirm reports that the US was suspending US$800 million worth of military assistance to Pakistan.
EconHumor: The Chinese Economy
China is doing well when it comes to the global economic arena. The Chinese are hardworking, smart – and they’re taking over the world. Why so serious? Here’s a few jokes to lighten up; the fact the Chinese will one day dominate the world.
“Congress has rejected raising the debt ceiling, so if China calls, let it go to voicemail.” – Stephen Colbert
The UK & The US: Same Problems, Different Results
7 July 2011.
The economic policies of the US and the UK have run parallel since the 1970s when Britain’s Conservative Prime Minister Margaret Thatcher decided to emulate the neo-liberal economic agenda of US President Ronald Reagan.
UN: US$1.9 Trillion Needed Annually to Avert “Major Planetary Collapse”
A new UN report conducted by the Department of Economic and Social Affairs has called for investments of US$1.9 trillion annually over the next 40 years in green technologies in order to create a “fundamental technological overhaul of production processes worldwide” and avoid “a major planetary collapse.”
North Korea Increases Trade Dependency on China
North Korea have become increasingly reliant on China for trade since South Korea ended nearly all business relations with the communist state after an attack on a South Korean warship last year.
In 2010, trade between North Korea and China accounted for 56.9 percent of North Korea’s total trade, up from 52.6 percent in 2009.
Does the US Monetary System Work?
6 July 2011.
Is the current US monetary system Constitutional? Is it corrupt? What can be done to make it more honest or effective?
Did Obama’s Stimulus Package Cost US$278,000 per Job?
The recent Seventh Quarterly Report released by the White House’s Council of Economic Advisers has sparked a war of words in the US as politicians and political observers from the opposing parties battle over the interpretation of the report.
According to the report, the US has spent nearly US$666 billion dollars on the American Recovery and Reinvestment Act (ARRA) since 2009, with 2.4 million jobs having been created as a direct result of the ARRA.
