Here are some top of the news stories collected by Econintersect for Sunday 12 May 2013. There are stories about China’s many global economic connections, softening economic trends in China and an article about China’s relationship with North Korea. There is also a GDP report from Hong Kong and more news about the strengthening yuan.
Week Ahead Economic Overview [13-17 May]: Japanese and eurozone GDP data – http://www.markit.com/
This week sees a vast amount of data released, including euro area and Japanese GDP, updates on retail and industrial growth in China, inflation for the US, plus the latest UK labour market statistics and the Bank of England’s Inflation Report.
China, N. Korea political, business ties grow: report – http://news.yahoo.com
North Korean visits to China have multiplied over recent years, a Chinese newspaper reported, underscoring growing political and business links between the isolated nuclear-armed state and its sole major ally.
Investment and Consumption – econintersect.com by Michael Pettis, China Financial Markets
I have been arguing for several years that once China begins the adjustment process, which I expect to characterize the ten-year period of the current administration, growth rates must slow significantly. My expectation for long-term growth is that it shouldn’t average much above 3-4% annually…
Hong Kong sees modest GDP growth of 2.8% – http://news.yahoo.com
Hong Kong’s economy saw modest year-on-year growth in the first quarter, with strong demand from mainland China offsetting a weak environment in the West, officials said Friday.
Chinese trade data show softening trend despite uplift in April – http://www.markit.com/
China’s official data showed an upturn in growth of both imports and exports in April, but the volatile data disguise a trend of slowing growth which corresponds with the message from business surveys.
As Euro Slips, Chinese Yuan In Record Rise Vs Dollar – http://www.forbes.com/
The U.S. dollar may be gaining against the main currencies of Europe, but not so in China.
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