The new leader of the restive region of Xinjiang in western China has announced a series of economic measures to bolster confidence in the regional government,
which was widely criticized by citizens after deadly ethnic rioting there last summer.
After undergoing a period of economic recession in the aftermath of the 2008 global financial crisis, Canada’s economy has bounced back to become one of the strongest performing economies among the G-7 nations. In 2010, Canada’s GDP growth (constant prices, national currency) stood at 3.071 percent – the highest it had been since 2004.
News that the Justice Department has dropped an investigation into a particularly culpable branch of insurance giant AIG makes one wonder if anyone will ever pay any price for destroying the US and world economies.
Led by the World Bank, global analysts caution that European debt woes,
which have rattled financial markets and severely eroded the value of the euro in recent months,
remain a significant threat to world trade.
BARGAINING POWER GROWS FOR STRIKING CHINESE WORKERS …
China’s wage contagion continues to spread, the New York Times reported in a major article today.
09 June 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com.
Indonesia’s President, Susilo Bambang Yudhoyono, has announced a two-year moratorium on new logging concessions, part of a deal with Norway
in which Indonesia will receive up to $US1 billion ($1.2 billion) if it adheres to a letter of intent signed by the two countries yesterday.
Like everyone else, we love to have our analysis of things confirmed by the turn of events … 😉 …
As governments from Greece to Portugal to Spain try to sell markets on their budget-cutting zeal, the country that may face the biggest hurdle is Britain.
We began this week by talking about some disturbing signs that the Chinese housing bubble is perhaps about to burst.
