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During the first quarter China's economy expanded faster than expected as higher government infrastructure spending as well as a gravity-defying property boom helped to spur industrial output by the most for over two years.
Surge of 6.9% turned to be the fastest in six quarters, with positive retail sales and exports and forecast-beating March investment - all suggesting that the Chinese economy is capable of carrying solid momentum into spring.
However, most experts tell that the first quarter might be as good as it gets for China in 2017, and they worry that Beijing is still mostly relying on stimulus as well as “old economy" surge drivers, mostly the steel industry and a property market, demonstrating signs of overheating.
The Chinese government is used to relying on infrastructure development for the purpose of sustaining growth in the long term. That’s what financial experts at ANZ told in a note.
In September, American home sales went down by the most for more than two years due to the fact that the housing market kept struggling notwithstanding strength across the broader American economy…
In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget…
Why did Bitcoin blow off on Wednesday? What is happening in the world of crypto today? Read and find out!
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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