China is dealing with downward pressure on the economy

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Source: The Telegraph
China is about to face a deflationary spiral. In 2011 the real money supply (M1) decreased the most since the modern history of China records. Additionally, producer and consumer prices fell during the last months. Orders from Japanese machine factories dropped by 14.8% in May, which is the biggest fall since 2001. Moreover, the joint volume of lending by the four biggest banks contracted from CNY 253 billion in May to CNY 190 billion in June. To hold the economy afloat China's premier Wen Jiabao proposed proactive fiscal policy.
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Tue, 10 Jul 2012 09:54:54 GMT

India's growth forecast upgraded from zero to 4.8% for 2012

Economists changed forecasts about India from 0% growth to 4.8% expansion this year. Such change was determined by Industrial Production index that rose from 0.1% in April to 1.8% in the beginning of July. Infrastructure sector also recovered slightly,  with its output growing by 3.8% in May on an annual basis. However,  eight core industries faced contraction. Though the economy growth is still below average 

Tue, 10 Jul 2012 11:08:53 GMT

China's imports and exports slow down

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