China Factory Inflation Eases as Consumer Prices Remain Subdued

China’s factory inflation moderated as consumer price gains remained tepid, further reducing a potential source of pressure for policy makers to boost borrowing costs. Key Points The producer price index rose 5.8 percent in November from a year earlier, matching the projection in a Bloomberg survey and slowing from 6.9 percent in October The consumer […]

China: Strong growth seen in imports

China’s imports jumped 20.9 percent year-on-year to 11.29 trillion yuan ($1.71 trillion) during the first 11 months of the year, on the back of strong domestic demand for commodities, electrical and mechanical products, the General Administration of Customs said on Dec 8. The country purchased 991 million metric tons of iron ore, 386 million metric […]

China to push structural reforms, curb risks in 2018 – Xinhua

China will deepen structural reforms and curb risks while maintaining steady economic growth in 2018, the official Xinhua news agency said on Friday, as top leaders seek to prevent a destabilising build-up of debt. The government will balance the need to keep economic growth steady with efforts to push reforms and contain risks, Xinhua said, […]

Japan to revise up growth forecasts – Nikkei

Japan is expected to revise up its economic growth forecasts for the current and next fiscal years, the Nikkei newspaper reported on Saturday, helping Prime Minister Shinzo Abe to make the case his stimulus policies are working. Data released on Friday showed the world’s third-largest economy grew twice as fast as originally estimated in the […]

Chinese local governments accused of faking economic data

Chinese local governments have been accused of faking economic data following the latest round of nationwide audits that found evidence revenues had been inflated and the extent of their debts had been downplayed, The National Audit Office (NAO) said on Friday that 10 city or county governments had been found to be inflating their fiscal […]

‘Worker bee’ round of NAFTA talks to focus on easier chapters

NAFTA trade negotiators convene in Washington next week for a limited round of talks unlikely to move the needle on major sticking points, but aimed at demonstrating some progress toward closing easier chapters. Last month’s round of negotiations to update the North American Free Trade Agreement in Mexico City failed to resolve major differences, as […]

U.S. Job Market Not Looking Very Tight Based on Low-Skill Wages

This rising tide isn’t lifting many boats. Wage growth in the U.S. has failed to pick up this year despite a steady decline in the unemployment rate. The sluggishness has been relatively broad-based across the labor market, including among low-skilled workers, who might seem to be the most likely candidates for bigger pay increases as […]

A tale of three central banks

Three central banks, meeting on both sides of the Atlantic, will highlight the diverging fortunes of the world’s biggest economies as they head into 2018 after an exceptionally tranquil year. While the growth cycle in the United States may be close to peaking, the euro zone is just getting comfortable with its economic run and […]