China almost quadrupled the value of fixed-asset investment projects approved in July from the previous month as Beijing looks to accelerate infrastructure spending to stabilize the cooling economy. China gave the green light to 17 fixed-asset investment projects in July, worth a combined 77.69 billion yuan ($11.24 billion), Zhao Chenxin, an official at the National […]
The Chinese economy remains on a solid footing despite a more complicated domestic and external environment, according to the National Bureau of Statistics (NBS). “The economic performance is generally stable in July, with new progress being made,” Liu Aihua, NBS spokesperson, told a press conference Tuesday. Dragged by cooling infrastructure investment, growth of fixed-asset investment […]
China will keep its economic growth within a reasonable range in the second half of the year, and will ensure that its full-year growth target is achieved, the country’s state planner said on Wednesday. While the trade frictions with the United States will have a negative impact on the Chinese economy, China will ensure that […]
China and India are expected to continue witnessing high levels of macroeconomic growth, typically associated with higher energy consumption. According to the EIA’s International Energy Outlook 2018 (IEO2018), Asia is projected to have the largest increase in energy use of non-OECD regions, and this increase will be led by China and India. Energy consumption in […]
India’s year-on-year growth in the Index of Industrial Production (IIP) in the April-June period for the past five years. Industrial production in April-June 2018 was much better compared with last year. However, it is still lower, compared with the first quarter of FY17, or FY15. The impact of the base effect is clearly visible—one big […]
Indian economy is projected to grow at 7.2 per cent in 2018-19, India Ratings and Research (Ind-Ra) said. The rating agency earlier forecasted India’s economic growth at 7.4 per in current fiscal. The key reason for this, Ind-Ra said, is the upward revision in the estimation of inflation for 2018-19 due to increasing crude oil […]