BUSINESS >> Economy

S. Korea's central bank raises 2017 economic growth outlook to 3 pct

South Korea's central bank on Thursday raised its 2017 growth outlook for the economy by 0.2 percentage points to 3 percent.
Source: Xinhua | 2017/10/19 11:51:10

China sees a slower GDP growth rate in Q3, but still at 6.8%

China’s GDP rose by 6.8 percent in the third quarter of 2017, slower than the 6.9 percent in the second quarter, data from the National Bureau of Statistics (NBS) showed Thursday.
Source: Global Times | 2017/10/19 11:28:39

China industrial output expands 6.7 pct in Jan-Sept period

China's value-added industrial output expanded 6.7 percent year on year in the first nine months of this year, faster than the 6-percent increase a year ago, official data showed Thursday.
Source: Xinhua | 2017/10/19 10:32:49

China's GDP expands 6.9 pct in first 3 quarters

China's gross domestic product expanded 6.9 percent year on year in the first three quarters of 2017 to 59.3288 trillion yuan (about 8.9614 trillion US dollars), the National Bureau of Statistics said on Thursday.
Source: Xinhua | 2017/10/19 10:32:10

S. Korea freezes policy rate at record low for 16 months

South Korea's central bank on Thursday froze its benchmark interest rate at a record low, refraining from altering the rate for 16 straight months.
Source: Xinhua | 2017/10/19 9:53:30

US Fed says economy continues expansion despite major disruptions from hurricanes

US economy continues to modest and moderate growth in September through early October, despite major disruptions brought by hurricanes to some regions and industries, the Federal Reserve said on Wednesday.
Source: Xinhua | 2017/10/19 9:49:47

US Treasury Secretary warns of stock market decline without tax reform

US Treasury Secretary Steven Mnuchin warned Congress on Wednesday that the US stock market could fall significantly if Congress do not pass tax reform.
Source: Xinhua | 2017/10/19 9:29:14

Figuratively Speaking

80 trillion yuan China’s GDP in 2016, up from 54 trillion yuan in 2012.
Source: Global Times | 2017/10/18 22:28:39

China to focus on quality in future economic development

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Wednesday called for putting quality first and giving priority to performance in the country’s economic development.
Source: Xinhua | 2017/10/18 22:18:39

Xi calls for efforts to boost consumption, innovation

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, said in a speech on Wednesday that China will take steps to boost the fundamental roles of consumption and innovation in promoting the country’s economic growth.
Source: Xinhua | 2017/10/18 22:13:39

Foreign firms’ rights ensured

China will significantly ease market access, further open services sectors, and protect the legitimate rights and interests of foreign investors, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, said Wednesday.
Source: Global Times | 2017/10/18 22:03:39

US Treasury says no major trading partner manipulates currency

US Treasury Department said on Tuesday that no major trading partner of the United States, including China, manipulated their currencies.
Source: Xinhua | 2017/10/18 13:38:35

China's central bank continues net cash injection

China's central bank on Wednesday continued to pump money into the interbank market via reverse repos to ensure stable liquidity.
Source: Xinhua | 2017/10/18 13:37:31

British inflation hits over five-year high in September

The British key inflation rate climbed to 3 percent, hitting its highest for more than five years in September, the Office for National Statistics (ONS) released on Tuesday.
Source: Xinhua | 2017/10/18 10:54:18

China-Finland trade, economic relations seen growing stronger in past five years

China and Finland have enjoyed strengthened trade and economic relations since the 18th National Congress of the Communist Party of China (CPC) held in 2012, Yang Erlin, chairman of the Chinese Enterprise Association in Finland, told the Global Times in an interview on Monday.
Source: Global Times | 2017/10/17 22:03:39

Fast trade growth seen in first nine months

China’s imports and exports have seen relatively fast growth in the first nine months, thanks to factors such as gradually rising demand in the global markets, favorable domestic policies and the adjustment of corporate structure, the Ministry of Commerce (MOFCOM) said Tuesday.
Source: Global Times | 2017/10/17 21:58:39

Public budget revenue reaches $2t in Jan-Sep

China's general public budget revenue grew 9.7 percent year-on-year to 13.4 trillion yuan ($2 trillion) in the first three quarters, official data showed on Monday.
Source: Global Times | 2017/10/16 21:33:40

Consumer price inflation slows in Sep, PPI still increasing

China’s consumer price inflation retreated mildly in September, weighed down by dropping food prices, while growth in factory-gate prices hit a six-month high on strong domestic demand for raw materials.
Source: Xinhua | 2017/10/16 21:33:39