18825
Signs of Recovery
World Economy

Signs of Recovery

China’s economy grew at a reasonable pace in May as some indicators showed signs of a recovery, a senior official at the National Bureau of Statistics (NBS) said on Friday, Reuters reported. Zhang Zhibin, a senior statistician at population and employment statistics division, was quoted as saying on the NBS website that China’s survey-based urban jobless rate had eased slightly to around 5.1% in May. In recent weeks, China’s housing sector started showing signs of recovery after more than a year of nationwide declines in home prices, home sales and real estate-related investment. The reversal comes after Beijing relaxed mortgage restrictions for second and third homes and enacted policies that include allowing local governments to swap outstanding loans for low-interest, slow-maturing local bonds. In the coming months, these measures will help stabilize real estate markets in major cities. The short-term gains in home prices and sales, however, should not be mistaken for a recovery of either the housing market or the national economy.

 

Short URL : http://goo.gl/xkCRJW

You can also read ...

Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
BMW Seeking Broader China Collaboration
The opening-up is an important policy and German carmaker BMW...
Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
Vehicle loans have rapidly expanded as cars purchased during a tax rebate scheme for first cars  in 2012-13 have begun to be replaced.
Consumer borrowing is accelerating significantly in Thailand...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Asian Countries Vie to Set Up Crypto Valleys
The race to establish cryptocurrency hubs in Asia is gathering...
International Labor Organization has called for stronger...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...

Trending

Googleplus