Post Tagged with: "Economy"

Should Beijing prop up stock markets to combat its slowest economic growth since 1990?

Should Beijing prop up stock markets to combat its slowest economic growth since 1990?

China?s faltering stock markets, compounded by an economy that is growing at its slowest pace since 1990, have incited a heated debate among think tanks and analysts on whether Beijing should step in to help shore up investor confidence. The benchmark Shanghai Composite Index ? the world?s worst performer among […]

Consumption remains engine and driving force for China?s growth, Alibaba CEO says

Consumption remains engine and driving force for China?s growth, Alibaba CEO says

China?s consumption remains strong compared with other countries, driven by a growing and increasingly affluent middle class and the power of the internet to help improve the lives of rural residents, according to Alibaba Group Holding chief executive Daniel Zhang Yong. ?China has many opportunities, but it is also facing […]

Head of China?s securities watchdog Liu Shiyu replaced by top banker

Head of China?s securities watchdog Liu Shiyu replaced by top banker

The chairman of the China Securities Regulatory Commission, Liu Shiyu, has been replaced by the boss of Industrial and Commercial Bank of China (ICBC), state media reported on Saturday. Liu has been given a new position as deputy party secretary of the All-China Federation of Supply and Marketing Cooperatives, Xinhua […]

India on way to becoming 5th largest eco: PM Modi

India on way to becoming 5th largest eco: PM Modi

NEW DELHI: Prime Minister on Friday said India is on the way to becoming the fifth largest in the world. Speaking at the India-South Africa Business Summit here, he said India is the world‘s fastest-growing major economy and the government is committed to reforms that will further propel it. At […]

China?s confident and carefree Generation Z spend over US$7,000 a year on luxury goods

China?s confident and carefree Generation Z spend over US$7,000 a year on luxury goods

They are confident, carefree and spend over US$7,000 a year on luxury goods ? even before they turn 21. Meet China?s Generation Z. Spoiled by parents and grandparents for being the only child in their families, these youngsters are living it up compared to their cautious, conservative peers in the […]