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China's economy is supposed to cool in 2018 because a government-led crackdown on debt risks as well as factory pollution affect overall activity, as a Reuters survey disclosed on Tuesday.
For two years Beijing is pursuing a relentless campaign to wean the Asian country off its debt-heavy investment model, vigorously clamping down on everything, ranging from shadow-bank financing activities to speculative property lending because policy makers seek to foster sustainable longer term surge.
It has spurred borrowing costs and also taken some of the momentum off the world's number two economy, in particular in the final months of the previous year, with surge estimate at 6.5% this year, according to market experts from 70 institutions polled by Reuters.
It was moderately above the survey’s October estimate of 6.4% expansion, although it would still lag the poll’s 2017 estimate of a 6.8% GDP soar.
In December, a major measure of American producer prices suddenly slumped and the overall gauge went down more than predicted in the face of lower crude prices, indicating that potential inflation pressures in the American economy are still there…
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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