mynameisandhy Posted December 25, 2014 Author Report Share Posted December 25, 2014 News and Economic Review Zone Asia (Japan) BOJ will Supervise Salary Negotiations between the Company and Labour Thursday, December 25th, 2014 Bank of Japan (BOJ), today spoke to the media to explain the dynamics of Japanese monetary policy. Haruhiko Kuroda reiterated that the additional stimulus that was released in late October not to respond to the trend of decline in world oil prices. He insisted that low oil prices actually support the domestic economy in the long run. Furthermore, the central bank also will force firms to be willing to raise the salaries of its employees. "To avoid misunderstanding, I assert that the latest BOJ policy not to respond to oil market conditions," Kuroda said a few moments ago. He believes that the decline in oil is good news for the economy if the cause is the factor supplies. Japan will benefit from current conditions because this country is a major importer. The central bank has admitted that the decline in oil prices will hamper efforts to acceleration of inflation in the short term. But if reanalyzed, cheaper oil prices would make production activities run faster and trigger an increase in prices in the long term. The government and the BOJ also compact asks companies to raise wages in the process of annual negotiations with the union. Adjustment of salaries of workers is expected to hoist the purchasing power of citizens that prices were rising and is able to pull out of Japan from deflation phase that has lasted 15 years. "I have a special attention to the process of negotiation between workers and employers, 'said Kuroda. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 25, 2014 Author Report Share Posted December 25, 2014 News and Economic Review Zone Asia (Japan) 10-Year Bond Yield Japan Touches Record Low Thursday, December 25th, 2014 Japanese government bond yield benchmark 10-year fell to a record low on Thursday, as investors switch seek higher yielding bonds amid sluggish trading in conjunction with the holiday season in most of the region. Yields on JGB (Japanese Government Bond) 10-year fell 2 basis points to 0.310%, the lowest in history. 2-year bonds for the first time the Japanese government also sold with a negative yield. Which highlights how much influence the qualitative and quantitative easing policy the Bank of Japan, through large-scale purchases of short-term bonds Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 26, 2014 Author Report Share Posted December 26, 2014 News and Economic Review Zone Asia (China) Deserted market, Yuan Record Strengthening Against Dollar Friday, December 26th, 2014 After weakening Wednesday, China's yuan exchange rate strengthened against the dollar today. The main cause is none other than the increase in the daily reference rate set by the central bank. Yuan was observed at the level of 6.2041 per dollar, or more powerful than yesterday's close of 6.2163 position. The main parity morning capped at 6.1213, higher than parity Yuan yesterday at 6.1247. Liquidity in the market is quite limited since many market participants are on vacation. Bid-ask spreads observed width and volume of transactions is very small. Abroad, non-deliverable forwards (NDF) 1-year USD / CNY fell to 6.3535 / 6.3585 from 6.3560 yesterday's record / 6.3610. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 26, 2014 Author Report Share Posted December 26, 2014 News and Economic Review Zone Asia (Japan) Deteriorating performance in The End of Yen Friday, December 26th, 2014 Yen great opportunity to finish the 4th quarter as one of the worst performing major currency, with only a few market participants who believe that if the Japanese currency's performance will be improved in the first quarter of next year. Aggressiveness of the Bank of Japan is still the biggest risk for the yen, with the policy direction that tends to "deviant" compared to countries other G10 key. Although there are few signs that the BoJ will return to act in Q1 2015, political uncertainty and macroeconomic factors other possibility would still make the yen traded lower versus major rivals Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 26, 2014 Author Report Share Posted December 26, 2014 News and Economic Review Zone Asia (Japan) Nikkei Concerned With Japan's economy Friday, December 26th, 2014 Nikkei recorded a weakening thin after a series of Japanese data released today sinyalkan Japanese economy will still slumped in recession in the last quarter of 2014. Although improved, the level of annual household expenditure Japan unspoiled decline 2.5% in November. Performance of industrial production and retail sales also disappointing that industrial production fell 0.6%, while annual retail sales recorded an increase of only 0.4% in November. The Nikkei 225 fell 0.13% and is now trading at 17784.57 Japanese inflation also slowed in November, weighed down by the fall in world oil prices and slowing consumer spending. Inflation (consumer price index) recorded only an annual 2.4% rise; lower than the 2.9% rise in October. Annual core inflation (which has issued securities sales tax increase in April last and volatile food prices) also increased by only 0.7%; lower than the 0.9% rise in October. However, with inflation slowed and is below the target of 2% BoJ then this may have raised expectations for additional stimulus from the central bank again. From the corporate sector, Sumitomo Mitsui Financial Group (SMFG) rallied 1.1% after its subsidiary Sumitomo Mitsui Banking (SMBC) will announce the purchase of retail banking business unit of Citigroup in Japan worth 40 billion yen ($ 333 million). Zojirushi shares fell 7% after the kitchen equipment manufacturer predicts a 31% decline in profits for the last quarter of 2014 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 29, 2014 Author Report Share Posted December 29, 2014 News and Economic Review Zone Asia (Japan) Japanese Fighting Out Of Recession In The Middle Of The decline in production Monday, December 29th, 2014 Japanese inflation slowed for a fourth month in November, and industrial production and retail sales unexpectedly slumped back, it showed for further weakening in the economy Prime Minister Shinzo Abe, who is trying to emerge from recession. Output fell by 0.6% in November from a month ago, the trade minister said on Friday, it was much lower than the median estimate for a 0.8% rise in a Bloomberg News survey. Retail sales slipped 0.3%, while consumer prices excluding fresh food rose 2.7% from a year ago. Real wages fell to the lowest level since 2009. With only slight signs of rebound of domestic demand, countries with the world's third largest economy may be able to rely on exports to avoid three consecutive quarterly contraction in the final quarter of this year. Today's report further provide additional pressure to Abe, the government will tomorrow launch the stimulus package, and the promise for a change in the structural growth after he won re-election this month. "Companies should see a recovery in domestic consumption before increasing production," said Minoru Nogimori, an economist at Nomura Holdings Inc., which recorded every rebound in the economy in the fourth quarter "will still be far from strong." With oil prices will weigh on inflation, the BOJ is likely to increase the stimulus back, possibly in October, he added. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 29, 2014 Author Report Share Posted December 29, 2014 News and Economic Review Zone Asia (China) China Cuts Growth Target Trade Value for 2015 Monday, December 29th, 2014 The Chinese government cut its international trade value growth target to 6% for 2015. The growth ratio is smaller than the target set for this year, which is at 7.5%. According to media reports the China Daily, Minister of Commerce Gao Hucheng express the target trimming taken with special consideration. For this year alone, China's trade sector is likely to fail to meet the target growth rate. Considering the last 11 months alone, the total value of trade only up 3.5% compared to last year (US dollar denominated). It clearly shows that the trade sector failed to keep pace with China's economic growth reached 7.4% per year until the third quarter of 2014. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 30, 2014 Author Report Share Posted December 30, 2014 News and Economic Review Zone Asia (China) PBOC Guard Yuan to Lowest Level 6-month Tuesday, December 30th, 2014 Yuan exchange rate today again weakened against the US Dollar. Renminbi exchange rate dropped to its lowest position in the last 6 months after the central bank set the daily reference rate lower. People's Bank of China stake for CNY main parity at 6.1224 level or weaker than the daily exchange rate on Monday at 6.1205 per US dollar. Yuan directly dipped to 6.2267 per USD, its lowest level since late June 2014 after hitting 6.2362 in the morning session. The central bank is marked out lower parity in line with the trend of strengthening of the dollar in overseas markets. Looks great demand for dollars from big companies. Such a trend is likely to continue until the beginning of 2015. In other countries, non-deliverable forward 1-year USD / CNY was observed to be at 6.3625 / 6.3655 from 6.3605 level on Tuesday in / 6.3655. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 30, 2014 Author Report Share Posted December 30, 2014 News and Economic Review Zone Asia (Japan) Yen Towards Decline Three Years streak Tuesday, December 30th, 2014 Japanese yen towards a three-year streak against the dollar after the Japanese government announced a fiscal stimulus package worth 3.5 tirliun yen ($ 29 billion) on Dec. 27 to stimulate the economy. Japanese Prime Minister Shinzo Abe to strengthen the mandate in elections this month waiting for easing monetary policy, fiscal stimulus and structural reforms, which is commonly called the three arrows Abenomics. The yen has weakened by 33% against the dollar since Abe asks unlimited monetary easing in November 2012. The difference between the central bank's policy of Japan with the US central bank will also be more striking, after the US central bank is expected to raise interest rates more quickly post apiknya US economic data. Chairwomen Federal Reserve Janet Yellen signaled the first rate hike since 2006, the earliest that can happen in April. USDJPY in trading Monday closed up 0.22% to 102.41 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 6, 2015 Author Report Share Posted January 6, 2015 News and Economic Review Zone Asia (Japan) BOJ estimated Crop Projections Inflation Tuesday, January 6th, 2015 Continued decline in oil prices make the Bank of Japan is expected to lower the inflation projection for the fiscal year ending March 2015. The central bank is not giving the signal will provide further monetary stimulus, but the decline in the inflation projection can be fueled speculation that there pemambahan stimulus, where the economists have also been estimated that possibility. Japanese inflation adjusted sales tax increase in November fell to 0.7%. The BOJ is expected to lower the current inflation projection of 1.2% at the monetary policy meeting to be held on January 20 to 21 next. If there is then a decrease in the projection into the second after last October BOJ to do so, and surprised the market by increasing the monetary base or asset purchase program. It is still not known whether the BOJ will lower inflation projection for the fiscal year ending March 2016, with current estimates of 1.7%. Japan's crude oil needs will be met almost entirely by imports, resulting in a short-term decline in oil prices will help curb inflation. In the long term, the decline in oil prices could trigger konsuem spending, which in turn will raise inflation. However, uncertainty arises how quickly it will happen, especially in the Japanese economy experienced deflation more than a decade Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 7, 2015 Author Report Share Posted January 7, 2015 News and Economic Review Zone Asia (China) China's GDP is predicted Down To 7.2% In Q4 Wednesday, January 7th, 2015 Reuters survey showed that the possibility of China's economic growth will slow to 7.2% in the 4th quarter, the lowest level since the global crisis. This estimate is likely to continue to pressure policy makers to hold a sharper slowdown this year. Expectations of growth in the world's second largest economy is down, from 7.3% in the 3rd quarter, making the target of 7.5% growth the government has failed to achieve and would mark the weakest expansion in 24 years. 7.2% growth in the 4th quarter will be the weakest since the first quarter of 2009, when China's economy grew 6.6% while China through the worst global crisis. A survey of 31 economists showed that bank loans, investment in fixed assets and plant production growth may be stagnant in December, coupled with factory price deflation is likely to deteriorate and consumer price inflation held near 5-year lows. GDP figures 4th quarter will be announced on January 20th. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 9, 2015 Author Report Share Posted January 9, 2015 News and Economic Review Zone Asia (China) China's inflation rate y / y to Grow 1.5% in December Friday, January 9th, 2015 China's consumer inflation rate is still well in December, at the time of factory prices continue to fall. China's consumer price index rose by 1.5% at an annual rate in December, up slightly from 1.4% rise in November, the data shown by the statistics bureau of China on Friday. The main index according to the median estimate of 17 economists surveyed by the Wall Street Journal. Inflation index also rose by 0.3% in December. In November, inflation fell 0.2% on a monthly level. Overall inflation rose by 2% for 2014. China's producer price index fell by 3.3% at an annual rate in December, this is a decline for 34 consecutive months. The decline was greater than the decline of 2.7% in November, and exceed the median estimate for a 3.2% decline. Monthly PPI also fell by 0.6% in December. PPI fell by 0.5% in November. For 2014 as a whole, the PPI fell 1.9%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 12, 2015 Author Report Share Posted January 12, 2015 News and Economic Review Zone Asia (Japan) Japanese Government Estimate GDP Grew 1.5% in Fiscal Year 2015 Monday, January 12th, 2015 The Japanese government expects the economy to grow by 1.5% in fiscal year 2015 after adjustments for price movements, revised up slightly from the previous forecast, due to increases beyond the estimates on consumer spending. The Japanese government estimates the rate of consumer inflation to rise by only 1.4% in fiscal year 2015, signaling the difficulties faced by the Bank of Japan in achieving the inflation target of 2%. Cabinet of Prime Minister Shinzo Abe will use these projections as fiscal and economic policy guidelines as the government tried to encourage the growth of post-shock recession last year. The previous government estimates that the real economy will grow by 1.4% in the fiscal year that began in March, but the projection is raised after the delay before sales tax increase scheduled in October. Economic growth is also expected to remain strong in the year 2015 in line diskal wage increase and decrease in oil prices sustain corporate profits and consumer spending, according to the Cabinet Office. The Japanese government expects the economy to grow by 2.7% in fiscal year 2015, were slightly below previous expectations of 2.8% growth sebeasr, projections approved by the cabinet on Monday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 13, 2015 Author Report Share Posted January 13, 2015 News and Economic Review Zone Asia (Japan) Japan Service Sector Sentiment Index Rises Tuesday, January 13th, 2015 Cabinet Office survey reported the Japanese service sector sentiment index rose to 45.2 in December. The survey was conducted on workers such as taxi drivers, hotel workers and restaurant staff, otherwise known as "economists" because of their proximity to consumer and retail trends. This increase shows the confidence of Japan will be their current economic conditions which climbed from 41.5 in November. Data in the form of a comparison with the previous conditions is collected Cabinet Office since August 2001 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 14, 2015 Author Report Share Posted January 14, 2015 News and Economic Review Zone Asia (Japan) Japanese Cabinet Approves Budget 24-year record high Wednesday, January 14th, 2015 Shinzo Abe Cabinet approved a budget of 96.34 trillion yen for the fiscal year starting April 1 in order to foster economic growth and fiscal improvement Japan. The draft is now awaiting approval from Parliament in the spring, an increase from the initial budget plan amounted to 95.88 trillion yen. The existence of the projected increase in tax revenue 54.53 trillion yen, a 24-year record high, Japan aids trim new bond issuance amounted to 36.86 trillion yen. Budget approval is expected to help restore the economy and to improve the country's fiscal condition with the highest debt in the world Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 15, 2015 Author Report Share Posted January 15, 2015 News and Economic Review Zone Asia (South Korea) The Bank of Korea Lower Target Economy 2015 Thursday, January 15th, 2015 Bank of Korea (BOK) today lowered its economic growth and domestic inflation for 2015. The low volume of domestic demand is the reason behind the revision of the economy. Economic growth forecast gross domestic product equivalent value derived by South Korea's central bank from 3.9% to 3.4%. The announcement was published shortly after the BOK hold the benchmark interest rate at the level of 2% for the third consecutive month in last meeting. "For the last quarter of 2014, the economy is expected to grow 0.4% compared to the previous quarter, well below the initial target of 1%," said BOK Gov. Lee Ju-Yeol. The decline in oil prices experienced by the company management of oil and gas and chemicals to be one source of economic decline in late 2014. These facts make Korea's economic growth for the full year (2014) predicted only at 3.4% or lower than the original target, 3, 5%. Authorities believe the fundamental situation is not going to improve in 2015 to a revised target of growth required. The low purchasing power of consumers claimed to be 'weak point' in the domestic economy ginseng for the next few months. BOK estimate the level of consumer prices rose only 1.9% this year, well below the previous prediction of 2.4%. The average rate of inflation for 2014 and only 1.3% or lower than the central bank's target in the range of -3.5% to 2.5%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 16, 2015 Author Report Share Posted January 16, 2015 News and Economic Review Zone Asia (Japan) Saving Abenomics Listed Company Friday, January 16, 2015 Teikoku Data Bank reported for the first time in 24 years, the company listed in the Japanese stock market in 2014 there were bankrupt. This data gives the sense that the efforts of Japanese Prime Minister Shinzo Abe to lift the economy, otherwise known Abenomics, successfully helping companies listed. "Arrow" The first of the three-business Abenomicss program, monetary stimulus, increasing the monetary base is between 60 to 70 trillion yen per year. In October last year, it raised its monetary stimulus to 80 trillion yen and this effort was seen to fruition. "Help with this large amount widen the monetary base as well as encourage banks to extend loans to small listed companies in difficulty '" said Takuya Ishida, an analyst Teikoku Data Bank. In addition to excess funds in banks that are ready to support small companies, the government also continued regulation in 2008 that directs banks to roll over loans to small businesses and medium businesses Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 19, 2015 Author Report Share Posted January 19, 2015 News and Economic Review Zone Asia (South Korea) The Korean government Maintaining Growth Projections Monday, January 19th, 2015 South Korea's Ministry of Finance plans to maintain its growth forecast for this year, appear to be different with the Bank of Korea's projection, the central bank's Asia's fourth largest economy is. The government maintains projected Gross Domestic Product (GDP) in December will rise 3.8% in 2015. Meanwhile, the day before the Bank of Korea cut its estimate to 3.4%. Deputy Minister of Finance, Hyung Joo Hwan, said this outlook differences reflect differences in opinion on the likely impact of government policies. "There is a difference in how these variables will affect consumption, investment, and exports," said Joo respond to the relief efforts of the administration of President Park Geun Hye, including the fiscal stimulus and easing lending rules. Joo also add "archetype" of the economy this year is the repair and restoration. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 20, 2015 Author Report Share Posted January 20, 2015 News and Economic Review Zone Asia (China) China's GDP Surpasses Estimates, Remain Close To The Target Tuesday, January 20, 2015 China's economic growth rate exceeded the estimated economic annual growth rate, helping to keep it close to the target of the Government. Gross domestic product rose by 7.3% in the fourth quarter from a year earlier, according to the Bureau of statistics in Beijing, exceeding Analyst estimates for a rise of 7.2%. The economy increased by 7.4% in 2014, the slowest rate since 1990. The Central Bank cut interest rates for the first time in two years in November and the Government speed up the approval of infrastructure projects to boost the economy drowned out by anjloknya the property sector and excess capacity. High external demand triggered by the recovery in the US has helped prop up the growth rate over the economic transition from an investment-led expansion. "Another prominent Factor to sustain growth is the service sector," said Zhou Hao, Economist at Australia & New Zealand Banking Group Ltd., in Shanghai. "China will need 2 or 3 years to change from an economy led by the property sector to the service sector, manufacturing and the high level of technology." The level of industrial production rose as much as 7.9% in December from a year ago, compared with estimated increase was 7.4% and 7.2% in November. Retail sales are up as much as 11.9% from a year earlier, compared with the estimate of 11.7%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 21, 2015 Author Report Share Posted January 21, 2015 News and Economic Review Zone Asia (Japan) BoJ Maintaining Monetary Policy Wednesday, January 21, 2015 As predicted, the Bank of Japan (BoJ) maintain commitment monetary base increase of ¥ 80 trillion per year at a meeting in January. BoJ seem to resist the urge to take further drastic action after shocking financial markets in October to increase the amount of the provision of the stimulus. As a result of the decline in world oil prices, the BOJ lowered outlook for inflation from 1.7% to 1.0% for 2015. The BoJ also cut its outlook for Japan's economic growth of + 0.5% to -0.5% for 2015. However, the BoJ still maintain its economic assessment uttered while the economy recovered moderately. Investors are now looking forward to the BoJ's press konverensi Kuroda to seek further instructions on the next BoJ monetary policy outlook. Yen maintaining and strengthening the Nikkei remained in negative territory as investors' lack of widespread disappointment BoJ action to prevent the return of the threat of deflation in Japan and help the Japanese economy are now slumped in the recession. As a symbolic move, the BoJ extended the loan program specifically for one more year and increase the capacity of program funds from ¥ 7 trillion to ¥ 10 trillion Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 22, 2015 Author Report Share Posted January 22, 2015 News and Economic Review Zone Asia (South Korea) BOK Still Review Considerations Cuts Interest Rate Thursday, January 22, 2015 South Korea's central bank is still reviewing the effects of interest rate cuts twice last year and chose to be careful decisions related to the need for monetary easing. Governor of the Bank of Korea, Lee Ju-Yeol, called on the central bank's decision to cut economic growth in 2015 to 3.4% should not be considered as a pessimistic forecast, because these projections are still in line with the country's growth potential ginseng. Lee added that the growth forecast cut decision one of them because of the failure of government infrastructure investment deficit impact of income taxes. Some analysts argue for a cut of 25 basis points in a few months to encourage domestic consumption and ease fears of deflation in connection with the low price of oil Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 23, 2015 Author Report Share Posted January 23, 2015 News and Economic Review Zone Asia (South Korea) South Korea's economy slows the rate at End of Year 2014 Friday, January 23, 2015 South Korea's economy slowed in the final quarter of last year, restrained the decline in investment in construction and government spending. The Bank of Korea today reported gross domestic product grew 0.4% in the fourth quarter of last year, lower than the previous period 0.9%. Then for an annualized basis, the economy growing 2.7% from the previous year, lower than expected 2.8% rise. But the central bank remains optimistic about the economy of the country's 4th largest economy of Asia. BOK predicts quarter growth will continue to accelerate to around 1% in 2015. On the other hand, the administration of President Park Geun Hye 375.4 trillion won budget plan for this year as well as changes in the labor market and industry to spur growth. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 23, 2015 Author Report Share Posted January 23, 2015 News and Economic Review Zone Asia (Japan) Japanese Manufacturing Sector Starting 2015 With Strong Friday, January 23, 2015 Japanese manufacturing sector start this new year with a strong line with the increase in the level of domestic and foreign orders, according to a survey on Friday, indicating the economy is starting to take on a decrease in the level of consumer spending last year that triggered the recession. PMI manufacturing sector from Markit / JMMA rose to 52.1 in January from 52.0 in December. Index held above 50 for the 8th month in a row. The output component of the PMI index fell to 52.3 from 52.5 in the previous month. The new orders index rose 53.1 menajdi of 52.3 in December. The index for new export orders also rose at a faster rate, being 51.5 from 51.3 in the previous month. PMI final Markit / JMMA for January will be released on 2 February. Japan's economy is expected to grow at an annual rate of 3.2% sebeasr the fourth quarter of last year and 2.1% in the quarter, rebounding from a mild recession after sales tax increase in April last year. Economists predict growth in consumer spending, exports and capital spending will drive growth this year. The decline in oil prices could help lower the cost of fuel to Japan and provide a further boost to the economy. The manufacturing sector also hire more employees during the fourth month in a row, according to the PMI survey. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 27, 2015 Author Report Share Posted January 27, 2015 News and Economic Review Zone Asia (China) China Crop Output Target Industry 2015 Tuesday, January 27th, 2015 China's industrial output growth target lowered to around 8% for this year from 9.5% in 2014, according to an official of the Ministry of Industry on Tuesday. However, the achievement of these targets remain a challenge for the government given the slowdown in China's economic progress, added Zheng Lixin, a spokesman for the Ministry of Industry and Information Technology, said in a briefing. The added value of China's industrial production rose 8.3% in 2014 from a year earlier, down from 9.7% rise in 2013, according to official government data. As is known, the Chinese economy expanded 7.4% in the last year, the slowest pace in decades. Overcapacity and government efforts to reduce the number of environmental pollution has hurt the industry's growth and profit producers. Profit in China's major industrial enterprises grew only 3.3% in 2014, dropped sharply from 12.2% growth in 2013, National Bureau of Statistics reported on Tuesday Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 27, 2015 Author Report Share Posted January 27, 2015 News and Economic Review Zone Asia (China) Chinese PM Optimistic Open 10 Million New Jobs in 2015 Tuesday, January 27th, 2015 Prime Minister of China, Li Keqiang, boasted his government was able to create at least 10 million new jobs in 2015. The belief is expressed in an interview with China Daily a few moments ago. Although China's growth rate slows, PM Li saw is still a space for staff to hoist the performance of the domestic economy. One of his main weapon is through the opening of new jobs to build a healthy social conditions. For the record, last year the government to successfully open approximately 13 new jobs for its citizens. "According to the test in the field, there is the possibility of skyrocketing unemployment vulnerable trigger social instability," said the Chinese premier. Hence he will as much as possible to encourage economic growth by absorption based on SDM. China's economy grew at a slow pace in the last 24 years in 2014. The combination of the housing sector lethargy and swelling government debt forced the central government to take aggressive steps as soon as possible. These include interest rate cuts late last year to stimulate the business sector. China is targeting the number of unemployed in the big cities are below the level of 4.6% for 2014. Although the government claims that the target is reached, many observers to assess the social and economic figures failed to be fulfilled because the authority does not include the number of people who migrate from rural to urban. To value the economy in 2015, the International Monetary Fund (IMF) predicts 6.8% growth in China. While the results of a Reuters survey produces consensus in figure 7% for this year Quote Link to comment Share on other sites More sharing options...
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