Videos » Global » Stimulus to follow weak Chinese data?

Videos » Global » Stimulus to follow weak Chinese data?

Stimulus to follow weak Chinese data?

Posted: 10 Aug 2012 07:49 AM PDT
www.euronews.com The latest Chinese trade and bank lending figures make it more likely there will be urgent pro-growth action by the Beijing government to stabilise the economy. Exports in July were up by just one percent from a year ago and new loans were at their lowest in ten months. That comes one day after we learned that China's factory output rose at its lowest pace in three years and retail sales there were weak. Excluding a fall in exports in January, the one percent rise in July is the weakest since November 2009. It marked a big pullback from annual growth in June of more than 11 percent. Shipments to the European Union dropped more than 16 percent. Net new bank lending in July of just 540 billion yuan versus expectations of 690 billion yuan is a big potential cause of concern. Bank loans are the main credit creation mechanism in the economy, which is only in the early stages of reforming capital markets to boost available sources of corporate finance. Beijing has refused to describe its pro-growth policy tweaks since the autumn of last year as stimulus, calling it a process of "fine-tuning" - albeit one that has fast-tracked state-funded infrastructure projects. Fine-tuning has so far failed to convincingly arrest the slide in expansion that is likely this year to see China chalk up its slowest full-year of growth since 1999, at eight percent according to economists polled by Reuters. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com
From: Euronews
Views: 173
4 ratings
Time: 00:26 More in News & Politics

101 East - China: Broken Dreams

Posted: 24 Aug 2012 03:49 AM PDT
Many young Chinese are losing faith in China's economic miracle. Even though the country is poised to overtake the US in the next decade as the world's largest, fewer Chinese feel they share the prosperity. 101 East explores the disillusionment.
Views: 1884
63 ratings
Time: 24:16 More in News & Politics

Bridge collapses in China - no comment

Posted: 24 Aug 2012 05:50 AM PDT
www.euronews.com Three people died and five more were injured when a section of a bridge collapsed in north-eastern China. The 100-metre section of the Yangmingtan bridge over the Songhua river at Harbin city collapsed at around 5.30 am local time, taking with it four passing trucks. No comment | euronews: The most striking images from around the world without commentary. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com Share your own no comment videos on bit.ly
Views: 4026
16 ratings
Time: 00:45 More in News & Politics

Holmes Says China, India Demand to Drive Gold Higher: Video

Posted: 23 Mar 2012 09:47 AM PDT
Dec. 6 (Bloomberg) -- Frank Holmes, chief executive officer of US Global Investors, and Robert Robotti, president of Robotti & Company LLC, talk about the outlook for gold prices. Holmes and Robotti also discuss oil and natural gas markets, and their investment strategies. They talk with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
From: Bloomberg
Views: 511
0 ratings
Time: 10:30 More in Entertainment

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