China posted better-than-expected growth in the second quarter, official data showed on Monday, but authorities warned that the world’s second largest economy faces external and internal risks. The economy expanded by 6.9 percent, the same as the first three months of the year, according to the statistics bureau, and better than the 6.8 percent growth … Read more
China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according to the median forecast of 12 analysts polled by AFP. … Read more
Asian stocks consolidated recent gains on Wednesday before a U. S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with an immediate rate hike fully priced in by markets. Though recent data, particularly out of China, has fueled a rally in Asian equities since … Read more
The General Agriculture Workers Union (GAWU) has appealed to the Nana Akufo Addo administration to use policy tools to compel commercial banks in the country to cede a substantial portion of their loan portfolio to the agriculture sector. According to him, the non-existence of such policies is the cause of low investment in the agriculture … Read more
The General Agriculture Workers Union (GAWU) has appealed to the Nana Akufo Addo administration to use policy tools to compel commercial banks in the country to cede a substantial portion of their loan portfolio to the agriculture sector. According to him, the non-existence of such policies is the cause of low investment in the agriculture … Read more
As China announced the appointment of a new finance minister on Monday, analysts said major fiscal policies will not change and the country can use more policy tools to help anchor its economic growth. Xiao Jie, a former tax chief and deputy finance minister, is the new minister, according to a decision passed at a … Read more
The EPA issue has once again re-emerged when Tanzania informed EAC Members and the EU that it would not be able to sign the Economic Partnership Agreement (EPA) between EU and the six EAC Member States in early July. The European Commission reportedly proposed signature of the EAC EPA in Nairobi, on the sidelines of … Read more