economy

China: an opportunity for sustainable growth and leadership

Man looks at the Pudong financial district of Shanghai

You’ve seen the headlines. China’s economy is experiencing a “new normal”.  The double digit growth which has helped to lift tens of millions out of poverty is declining to mid-single digits. This same growth has left huge environmental costs. As Premier Li Keqiang said a few days ago at the opening of the country’s annual parliamentary meeting, pollution has become “a blight on people’s quality of life and a trouble that weighs on their hearts.”

So now, a pure growth solution is no longer viable as a pathway for economic development. In order to understand this “new normal” pathway which matters so much to all of us and on which China may provide global leadership, we sat down with two champions for sustainable development in China, Professor Dajian Zhu, who advises central government planners, and Mr. George Lee, Chairman of Shanghia-based De Tao Group, which is catalyzing new avenues for sustainable development with the help of a growing network of global thought-leaders.

Professor Zhu helped provide some context, explaining that “China still has a significant challenge with per-capita income and economic prosperity compared with the rest of the world. Consider how our trajectory looks from a population growth perspective:” (more…)

The world is in debt, not just Greece

There were numerous promises to tackle debt after the global financial crisis in 2007. But eight years on, consultancy McKinsey and Co says the world’s debt mountain is now almost $200 trillion – up by $57 trillion.

Kirsty Basset reports: (more…)

China’s growth targets – Graphic of the day

The Chinese economy grew at its slowest pace in 24 years in 2014. Provinces have in response lowered their GDP targets for 2015, with Shanghai eliminating its target altogether. Today’s graphic tracks the growth targets across Chinese provinces.

china growth

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Euro zone’s long journey to QE – Graphic of the day

Last week, the Central European Bank launched a landmark bond buying program that runs from March this year until September next year. Today’s graphic looks at market reactions when the U.S. implemented its quantitative easing policies.

Euro zone's long journey to QE - Graphic of the day

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State of the Union keywords – Graphic of the day

Today’s graphic tracks the number of times each topic (economy/jobs, education, taxes, energy, national security) has been mentioned in President Obama’s State of the Union addresses. Make sure to the read the full recap on the Reuters live blog and check out the best pictures from the speech.

state of the union

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Global growth outlook – Graphic of the day

On Tuesday, the World Bank predicted the global economy would grow 3% this year, below a forecast of 3.4% made in June. The World Bank also lowered its global growth forecast for 2015, and suggested world GDP growth will reach 3.3% in 2016, before dipping to 3.2% in 2017. Today’s graphic breaks down their GDP growth forecasts.

growth

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Japan’s tax hikes – Graphic of the day

Japan’s economy unexpectedly slipped into recession in Q3 after the rise in the national sales tax in April, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales hike planned for next year. Today’s graphic looks at wages, spending and GDP in the months before & after the tax hike.

japan tax

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A look at the 25 failing European banks – Graphic of the day

The European Central Banks’s comprehensive assessment found the biggest problems in Italy, Cyprus and Greece, but concluded that banks’ capital holes had since been plugged, leaving only a modest 10 billion euros to be raised. Today’s graphic looks at the 25 banks that failed the ECB’s test, designed to mark a clean start before the organization takes on supervision of the banks next month.

European banks

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Japanese economy – Graphic of the day

Cooling growth in China and an economic trouble in Europe are adding to pressure on the Bank of Japan and the government to step up policy support as the economy struggles to recover from the pain of an April sales tax hike. Today’s graphic contains seven charts on key economic indicators of the Japanese economy.

japan economy

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Japan’s economy – graphic of the day

Japan suffered its biggest economic contraction since the devastating March 2011 earthquake in the April-June quarter, as a sales tax hike took a heavy toll on household spending. Today’s graphic charts seven key indicators for the Japanese economy.

japan economy

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