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China’s National People’s Congress continues into its second day with Finance Minister Lou Jlwel scheduled to give a press briefing at 9 a.m. Click here to view the entire article.
Bloomberg Brief invited two leading China academics to discuss whether far-reaching reforms can maintain growth in the world’s second-largest economy at its current pace. Eswar Prasad says that expansion can continue at 6 percent to 7 percent, while Michael Pettis argues that rising debts and high costs of reform mean a sharp slowdown is inevitable. Click here [...]
A strengthening Chinese yuan and weakening Japanese yen mean Asia’s two major currencies face sharply contrasting fortunes in 2014. China’s yuan is set for a strong year. The currency ended 2013 at 6.05 to the dollar, increasing 2.9 percent annually. In 2014, the yuan will rise to 5.98 by the end of the year, according to the median forecast of economists in [...]
China’s renewed commitment to reform and run of positive data buoyed investor confidence in the year ahead. Mounting structural challenges and a drag on growth from policy shifts may temper optimism. Click here to continue reading.
Taming bulging credit, not price pressure, will probably drive China’s monetary policy in 2014. Price data for November shows inflation remains muted. The consumer price index rose 3 percent from a year earlier, down from a 3.2 percent gain in October. Click here to continue reading sample article.
BIG PICTURE COMMENTARY BY TOM ORLIK, BLOOMBERG ECONOMIST China’s renewed commitment to reform and run of positive data has buoyed investor confidence for the year ahead, though mounting structural challenges and a drag on growth from policy shifts should temper optimism. Click here to continue reading [...]
Below is a link for Bloomberg’s “China’s Reform Plan,” a collection of commentaries, compiled by the editors of Bloomberg’s Economics Asia and China Briefs, that showcases the responses of leading analysts and academics to key elements of the country’s reform package. To view the supplement, click the link below. http://www.bloombergbriefs.com/files/Chinas_Reform_Plan-PRINT.pdf Inside: A Bloomberg Brief analysis [...]
China is on the verge of gaining direct access to a second ocean from its mainland, a geopolitical gain that rarely occurs in an age of generally fixed country borders. The gain is due to years of infrastructure spending and a targeted international development project in Myanmar. China has been deeply involved with Myanmar’s port system and Irrawaddy River development. At the same [...]
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WHAT TO WATCH: The Bank of Japan releases data for monetary base, which is targeted by the central bank to reach 200 trillion yen at the end of 2013, 7:50 a.m. Indonesia’s economy probably grew 5.9 percent in the second quarter, in line with the five-year trend (see page 4), 10 a.m. Australia’s Treasurer Chris Bowen releases [...]