» 06/20/2012, 00.00
Li Keqiang: "We must reform our economy, we are unbalanced"
The Chinese Vice-Premier, who in October should become the Prime Minister, emphasizes the need to change the national economy: "Do away with waste, of money and of energy." But the country today needs a real internal market and a labor reform that puts the worker at the center. The estimated GDP for 2012 drops again, and will be the lowest since 1990.
20/01/2017 09:33:00 CHINA
Official statistics: China grows by 6.7%, but a lot of data manipulated
Growth figures published today. Domestic consumption grew by 10.4%. But the biggest contribution came from construction, infrastructure, credit. The data inflated in Liaoning. Perhaps a more realistic figure is an increase of 4%.
Shanghai star fading
Many cities have left it behind in terms of production, GDP and investments while energy shortages remain unresolved. Experts say a free flow of information is necessary, as well as a review of the prevalent development model that fails to protect the workforce and ignores the environment.
China’s GDP growth to slow to 6.1 per cent
This is the weakest growth since 1992. According to the government, an 8 per cent annual growth rate is needed to maintain employment levels and keep social unrest in check. But positive signs are on the horizon, thanks to the government’s four trillion yuan stimulus package.
Hu Jintao in the United States for financial summit and to meet Obama
The Chinese president will head his delegation at the meeting among the 20 most industrialized countries. Obama will also participate. Beijing wants an increasingly greater role in international issues, although it is hesitant to open up its currency reserves of 1.9 trillion dollars.
27/02/2016 14:40:00 INDIA
India’s economic growth to reach 7.5 per cent in 2016
India’s Finance Minister yesterday tabled the country’s Economic Survey for 2015-16. The latter expects GDP growth to be about 8-10 per cent, one of the highest in the world and greater than China’s, driven by the service sector.
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