» 01/13/2011, 00.00
CHINA – EAST ASIA
World Bank expects China to lead Asia in growth in 2011
The World Bank forecasts strong but lower growth in China and the Asia-Pacific region, especially because of higher inflation. Experts say China’s growth will be shaped by political decisions, like the value of the yuan.
World Bank: global growth heading for a crisis from which "no one will be saved"
The world economy will grow by only 2.5, compared with forecasts of 3.6. Eurozone, U.S., China, India, Japan all se downward trend. Growth in developing countries will be 5.4, 1.4 in rich countries,. Need to promote social welfare and infrastructure programs. Food prices fall by 14%, but the problem of food will remain crucial for poor countries.
Japanese exports up, fuelled by demand in China and Asia
In April, Japanese exports jump by 40.4 per cent. This is the fifth consecutive month of growth, especially in cars and high-tech. Demand is especially strong in Asia, less in Europe.
Winds of recession blow at Canton Fair, Asia's biggest
At least one quarter of China's annual exports pass through here, totaling 38 billion dollars each time. But U.S. and European buyers are subdued, increasingly interested in selling rather than purchasing. More attention to the domestic market, and to the rest of Asia.
Pakistan asks for international loan to avoid default
10-15 billion dollars could be provided by international organizations, to pay down foreign debt and support public spending. It is a forced choice, after China refused a direct loan, although it had promised greater investment.
Inflation slows down, but food prices remain high
April figures show inflation at 3.4 per cent, down from a month before. Food prices instead rose 7 per cent, even if the government subsidies the price of some staples. Exports and imports are also down. Beijing must open up domestic markets.
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