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China "Backfire"

Fabled transition to a service economy? Forget it.

The export and manufacturing powerhouse of the world, the locomotive – along with the US – of the global economy, and an indicator of the global economy itself, disappointed economists once again. 227 more words

Featured

The recent oil talks and price volatility

Doha talks

Oil prices made a smart recovery during first two weeks of April 2016 ahead of the Doha meeting between the OPEC and Non OPEC countries to reduce the production and curtail supply at the January levels by the major oil producing countries. 1,165 more words

Australian Economy

Apple sales fall as revenues in China take a hit

Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped.

Slowing sales in established markets hasn’t been too much of a problem for Apple, as China has always been there to prop up its earnings and keep it posting quarter after quarter of record breaking profits. 31 more words

USA

Shannon – a tiny Irish town inspires China’s economic boom

Created in 1959 to lure foreign investors with tax breaks, the Shannon Free Zone proved revolutionary across the world. But in today’s world of looser trade and tax havens, Ireland’s innovators face an uphill battle to stay relevant

Travel

Chinese Debt Warning

Billionaire investor George Soros said China’s debt-fueled economy resembles the U.S. in 2007-08, before credit markets seized up and spurred a global recession.

China’s March credit-growth figures should be viewed as a warning sign, Soros said at an Asia Society event in New York on Wednesday. 145 more words

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Fixing Korea

In part 1, the discussion mainly concerned the housing crisis imminent and ever threatening on the Korea horizon. There remain only a few options to blunt the impact of a disastrous pullback in prices, but they need to be implemented quickly. 2,137 more words

Korea

China growth hopes reduce urgency of more stimulus steps, policy advisers say

China’s leaders sound more confident that the world’s second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014. 782 more words