economic growth

Minimum growth rate set at 7 percent 0

China MapSource: China Daily

For the first time since the beginning of China’s complex economic transition, a government official said on Monday the minimum level of annual economic growth acceptable to the central government is 7 percent. More…

Excessive regulation can impede financial innovation: Rangarajan 0

Chakravarthi RangarajanSource: The Times of India

Pitching for a non-restrictive regulation in the financial sector, Prime Minister’s key economic advisor C Rangarajan on Monday said too many norms can impede financial innovations.

“Too little regulation may encourage financial instability, but too much of it can impede financial innovations which are badly needed,” he said at the Annual Banking Summit organised by Assocham here. More…

World Bank chief confident of Chinese growth target 0

Jim Yong KimSource: The Star

China should hit its gross domestic product growth target of 7.5% this year, World Bank group president Kim Jim Yong said yesterday.

But he warned that rising interest rates in emerging markets in response to reports that the United States was preparing to scale back its quantitative easing (QE) programme showed that significant risk remained. More…

HSBC cuts GDP growth forecast to 2.8% for 2013 0

HSBCSource: Bangkok Post

HSBC has slashed its expansion forecasts for Thailand to 2.8% this year and 4.4% next year after downbeat economic growth in the first half.

The government should allocate more of its budget to ensuring more sustainable growth, said HSBC’s Asean economist Su Sian Lim. More…

Economy grows at 7% in 2Q 0

sri_lanka-_geographical_location_mapSource: The Daily Mirror

The Sri Lankan economy grew 7 percent in the second quarter (2Q) accelerating from the 6 percent growth reported in the first quarter of 2013, Central Bank Governor Ajith Nivard Cabraal said in an interview with Bloomberg in Hong Kong. More…

Nestle to Porsche say worst over for China’s outlook: economy 0

Park Hyatt ShanghaiSource: Bloomberg

Global brands from Nestle SA to Porsche AG said the worst has passed for China’s economy as wage increases and consumption in cities in the country’s interior drive sustained growth.

China is “still an amazing opportunity,” Roland Decorvet, Nestle’s Greater China chairman, said at the World Economic Forum in Dalian, China. More…

World Economic Forum will be in Mongolia 0

World Economic ForumSource:

The World Economic Forum in cooperation with the Government of Mongolia will be holding its first “World Economic Forum Strategic Dialogue on the Future of Mongolia” which will take place on 14-15 September in Ulaanbaatar. More…

IFC increases private sector investment in Indonesia 0

IFC_LogoSource: The Jakarta Post

International Finance Cooperation (IFC) has increased its private sector investments in Indonesia to US$438 million in fiscal year 2013, from about $300 million in the previous year, although investors have recently withdrawn funds from the country. More…

Businessmen say policy reforms to cure ‘jobless growth’ 0

Philippines mapSource: BusinessMirror

Local and foreign business groups on Wednesday called on the House of Representatives and the Senate to speed up the passage of economic-reform bills that would encourage investments and create more jobs in the country. More…