China has stated that it has set up 2016 growth target range of 6.5%-7% after a 2015 target of around 7% growth. The lower end of 6.5% shows the growth's minimum average rate required to meet in the next five years to ac…
China has stated that it has set up 2016 growth target range of 6.5%-7% after a 2015 target of around 7% growth. The lower end of 6.5% shows the growth's minimum average rate required to meet in the next five years to achieve the target of doubling the GDP and per capita income by 2020 from 2010.
The growth target range of 6.5%-7% for 2016 is more than market expectations, as the consensus expects China's economy to expand 6.5% in 2016. Commerzbank expects China's GDP to grow 6.3% in 2016. The higher-than-consensus growth target suggests that China will aggressively ease fiscal and monetary policies in the coming year.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
