China has officially bumped Japan as the world’s second largest economy. Japan reported its GDP grew only 1.8% last year to $5.47 trillion, while China’s climbed 10.3% to $5.88 trillion.
Continue reading As Jap…
The Organization for Economic Cooperation and Development cut its economic growth outlook for 2011, forecasting a “softspot” as governments withdraw stimulus packages. It now expects a 4.2% growth rate, compared with a previous…
China ordered state-owned banks to limit lending as it moves to control inflation and prevent a credit bubble.
The Chinese government told the six largest state-owned banks to increase their reserves to 17.5% of deposits from 17%, The Associated Pres…
A widespread push for fiscal discipline is “the right policy at the wrong time,” the famed investor said Wednesday.
Continue reading George Soros on the ‘Blah’ Economy and China’s ‘Phenomenal’ Rise
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