After a years-long boom, domestic investment is sucking wind in China. For our money, this statistic is a perfect snapshot of the situation. Cement production growth rates in the People’s Republic have slipped sharply in recent months. 166 more words
Tags » Chinese Economy
In just 10 years’ time, China’s economy will surpass that of the U.S., a new report by a U.S. research firm predicts.
Over the next decade, consumer spending in China is expected to grow at an annual rate of 7.7 per cent, climbing from just $3 trillion US to nearly $11 trillion by 2024, the report by Colorado-based consulting firm IHS Inc. 77 more words
By Danika Ferguson, Media Officer
WA’s reliance on the Chinese economy was partly responsible for a fall in the WA Deloitte Index in August. Sinking iron ore prices didn’t help either, as the market capitalisation of WA listed companies decreased by 1.9%, to close the month at $154 billion. 98 more words
Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going. 947 more words