THE NEWS WRAP: IMF warning over econo...

THE NEWS WRAP: IMF warning over economic slowdown in China

Posted in the Top Stories Forum

Since: Jul 13


#1 Jul 11, 2013

IMF chief economist Olivier Blanchard has warned of the possibility of a slowdown in China’s growth rates, with figures showing a 3.1% year-on-year fall in exports during June, with imports down 1.8% in Australia’s largest trading partner.

While China’s imports from Australia are up 11.9% over last year, its global imports of iron ore are down by 7%.

"The country where there is the largest risk in terms of large decrease in growth is China," Blanchard says.

"The risk is the slowdown in investment comes first and there is not the increase in consumption which is fast enough to compensate."

Cashed up KKR planning to invest $6.5 billion war chest

Private equity firm Kohlberg Kravis Roberts has raised $6.5 billion in funding through its Asian Fund II pan-Asian private equity fund, and is gearing up to make major investments in the region.

The firm, which has $78 billion under management, recently sold a stake in Kerry Stokes’ Seven West Media for $265 million and has previously made plays for Australian companies including Coles Myer, Perpetual and Pacific Brands.

“Having invested more than $US5.5bn in Asia since 2005, we have demonstrated our commitment to the region, as well as the effectiveness of our successful global-local and partnership approach," KKR Asia managing partner Joseph Bae says.

US wholesale inventories slump

The US Commerce Department has released new figures showing wholesale inventories fell by 0.5% during May, making the second straight monthly decline and putting pressure on US second quarter GDP growth.

“While upcoming US GDP data will continue to show a fairly weak picture ... the jobs market is healthier," Richard Gilhooly, an interest rate strategist at TD Securities in New York, told Reuters.

The figures were released as US Federal Open Market Committee policy minutes were released, showing “about half” of the participants argued the US quantitative easing program should be wrapped up this year, rather than in mid-2014.

However, policymakers warned any tightening of fiscal policy should be subject to economic growth and an improving labour market.

Related Links :

Since: Jul 13

Surrey, Canada

#3 Jul 12, 2013
Thank you a lot for giving everyone a very superb possiblity to discover important secrets from this website.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Top Stories Discussions

Title Updated Last By Comments
The Christian Atheist debate (Jun '15) 2 min PELE78 55,851
News Roman Catholic church only true church, says Va... (Jul '07) 4 min confrinting with ... 649,744
Poll Was 9/11 a conspiracy?? (Oct '07) 2 hr stockton CA 281,470
What do u think of Jesus Christ?(God) (Oct '06) 2 hr HE LIVES 70,224
Play "end of the word" part 2 (Dec '15) 2 hr andet1987 2,284
Rotherham sheff doncaster sex 2 hr Hussain 1
*** All Time Favorite Songs *** (Dec '10) 4 hr Halle Berry Sister 3,728
Moms having sex with their sons (Aug '12) 19 hr Noname 69
Prove there's a god. (Mar '08) Fri Hangman 972,378
More from around the web