China's government debt increases

Note: This section contains information in English only.
Source: RTT News
Local and central government debt in the world's second largest economy rose in the January-June period to 17.9 trillion yuan suggesting that the region should implement structural reforms, a data revealed by the National Audit Office showed on Tuesday. The data also unveiled that China's government debt may record 30.3 trillion yuan equalling 53% of the country's gross domestic product.

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Tue, 31 Dec 2013 09:16:03 GMT

Aussie rises paring its annual drop

The Australian Dollar strengthened on Tuesday trimming its largest yearly fall since 2008 as traders eased their bets on further drops of the currency, however the so-called Aussie fell versus 9 out of 10 currencies in 2013. The Australian currency advanced 0.3% to 89.32 U.S. cents as of 4:26 p.m. Sydney time and it declined 1.9% in December and 14%

Tue, 31 Dec 2013 08:54:03 GMT

South Korean inflation rise above 1% in December

Inflation in South Korea measured as consumer price index increased on an annual basis in the last month of 2013 rising above a level of 1% after recording three successive months below mentioned level, the Statistics Korea showed in a report on Tuesday. The country's consumer prices index rose 1.1% in December compared to a forecast of 1.2% increase.

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