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China is on a construction binge and that's good news for the global economy
China consumes roughly half of the world’s industrial metals, according to analysts. As the country emerged from the worst of the pandemic in March, the Chinese government unleashed a program of enormous fiscal stimulus aimed at building bridges, roads, utilities, broadband and railroads across the country.
India will become the world's third largest economy by 2050, says Lancet study
By 2100, India was forecasted to still have the largest workin...
Perpetual recession? Recovery in a year? Economists deeply divided on U.S. future
It has given policymakers little solid to plan around and l...
Biden may be better for economy than Trump, says Jim O’Neill
Even as Joe Biden’s tax plans could deter the markets, former Goldman Sachs chairman Jim O’Neill believes he would be a better choice than Donald Trump, given the latter’s erratic and aggressive moves.
China's economy remains resilient despite external risks, says Xi Jinping
The world's second-largest economy has steadily recovered from a virus-induced slump, but analysts say policymakers face a tough job to maintain stable expansion over the next several years to turn China into a high-income nation.
China shares end firmer on recovery hopes after holiday break
Consumer firms gained 1.94% and transport shares advanced 2.36% after data showed that Chinese domestic tourism witnessed a robust rebound over the just-ended Golden Week holiday, encouraged by China's success in stamping out the novel coronavirus, although levels were still well short of last year.
Global banking recovery will stretch to 2023 and beyond: S&P
To estimate the shape of recovery for banks, S&P analysed 20 of the largest banking systems globally in its report.
Moody's raises growth forecast for China to 1.9%
“Our only upward revision for 2020 growth was for China, which we raised to 1.9% from 1.0% following a stronger-than-expected Q2 rebound in real GDP,” Moody’s said.
Kerala can leapfrog into a new world by 2030 if it transforms economy beyond conventional bounds: Chidambaram
The senior Congress leader said the state should transform to a knowledge-based economy by embracing Information and Communications Technology, Artificial Intelligence of Robotics and a highly networked world.
Congress’ Parliament session agenda: China, coronavirus, unemployment, economy
Congress is planning to seek detailed discussions on the ongoing tension with China, Covid-19 spread, economic crisis and increasing unemployment in the upcoming Parliament session.
Asia defies Wall St weakness but economy, election worries cap gains
U.S. stock futures were soft, with S&P 500 futures down 0.2%, though Nasdaq 100 futures turned positive by the middle of the Asia session to trade 0.07% higher.
Shares climb as China industrial data offers hope for coronavirus recovery
Deflation at China's factories eased in July, data showed, driven by a rise in global energy prices and as industrial activity climbed back towards pre-coronavirus levels.
China stocks end week higher; techs retreat ahead of reform measures
The blue-chip CSI300 index rose 0.9%, to 4,718.84, while the Shanghai Composite Index added 0.5% to 3,380.68.
S&P warns of rising real rates risk to China's recovery
An unbalanced recovery, weak private demand and excessive market optimism have combined to drive real rates up, increasing debt-servicing burdens even as financial conditions tighten.
China's tech-heavy ChiNext rallies for second day on historic market reform
Shares of a dozen companies surged for a second day after their debut on the ChiNext board on Monday, following a historic reform that allows Shenzhen to challenge Shanghai for tech listings.