China still a global economic engine even at lower gear of 7%
London
A SURGING China saved the global economy from recession, but a slowing China may not consign it to a slump.
The world's second-largest economy will grow 6.8 per cent this year en route to 6 per cent in 2017, the International Monetary Fund projects. That's half the 14 per cent of 2007 and well below the 10 per cent of 2010.
The deceleration will certainly eat into global growth, given China now accounts for about 15 per cent of worldwide gross domestic product.
A slowing to 7 per cent should be enough to reduce an already sub-par expansion everywhere by 0.5 percentage point, acco…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich
Even without war in the Gulf, pricier petrol is here to stay
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%