GDP


China could ditch 2021 GDP target over fears it’ll encourage debt 

China could ditch 2021 GDP target over fears it’ll encourage debt 

China will likely avoid setting a 2021 growth target over concerns that maintaining one could encourage provincial economies to ramp up debt, policy sources have said.The world's second-biggest economy eked out 2.3% of growth last year despite the ravages of a worldwide pandemic that emerged from the central city of …

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China should focus on unemployment not growth, says PBoC member

China should focus on unemployment not growth says PBoC member

(ATF) China should focus on stabilising employment and controlling inflation as its main macroeconomic policy goals, rather than focusing on economic growth, an adviser to the country's central bank says.Ma Jun, an influential member of the People's Bank of China Monetary Policy Committee (MPC) said setting a specific gross domestic …

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Markets this week: GDP data, Fed meeting

Markets this week: GDP data, Fed meeting

ECONOMIC EVENTSFinancial markets will be on the edge at the start of the week as the resurgence in the pandemic in various parts of the world dims the economic optimism triggered by the $1.9 trillion US stimulus. The US Federal Reserve meets mid-week but that is unlikely to see any …

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China GDP grows 6.5% in fourth quarter, beating expectations

China GDP grows 6.5% in fourth quarter, beating expectations

(ATF) China's economy grew 6.5% in the fourth quarter, data from the National Bureau of Statistics showed on January 18, outperforming expectations and setting the country up for a strong post-coronavirus pandemic recovery.Gross domestic product (GDP) grew 2.3% in all of 2020, the NBS announced, making China the only major …

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China's factory output hits 3-year high, November PMI data show

China's factory output hits 3-year high, November PMI data show

(ATF) China's factory activity expanded at the fastest pace in more than three years in November as the country's economic recovery from the coronavirus pandemic stepped up.The manufacturing purchasing managers’ index jumped to 52.1 in November from 51.4 a month ago, mostly due to more domestic orders and an increase …

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India's economy, officially in recession, claws its way back

India's economy, officially in recession, claws its way back

(ATF) India's economy officially entered a technical recession with two consecutive quarters of negative growth, but with a slower pace of contraction, is recovering faster than expected.This momentum is also expected to continue, say analysts, while some are also seeing the country returning to growth as soon as the next …

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ATF indexes rise ahead of CCP plenum as recovery takes hold

ATF indexes rise ahead of CCP gathering as recovery takes hold

(ATF) The ATF indexes inched up on Friday, all closing in positive territory ahead of the Fifth Plenum of the 19th Communist Party Congress when China’s leaders will shift their focus away from the country’s short-term economic performance to medium-term challenges. Investors rejoicing at China’s post-Covid rebound, in contrast to …

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