BEIJING (Reuters) – China’s long-term plan to cut reliance on investment as a growth engine is clashing with its short-term need for protection against a worsening global outlook.

Beijing has made it clear that consumption, not investment, must eventually do more of the work to drive the world’s No. 2 economy.

BEIJING (Reuters) – China’s long-term plan to cut reliance on investment as a growth engine is clashing with its short-term need for protection against a worsening global outlook.

Beijing has made it clear that consumption, not investment, must eventually do more of the work to drive the world’s No. 2 economy.

BEIJING, Aug 12 (Reuters) – China’s central bank said on
Friday it aimed to keep the currency exchange rate relatively
stable, but the pronouncement did little to quiet speculation
that Beijing would allow swifter yuan appreciation to help stem
inflation.

The PBOC said in a quarterly report that it would use
“multiple policy tools” including interest rates, exchange
rates and bank reserve requirements to try to keep prices in
check. The wording in the report was similar to its previous
one.

BEIJING (Reuters) – China is still nursing a hangover from its 2008 stimulus spending spree and may be reluctant to kick off another big round, leaving less potent options on the table should the global economy tilt toward a cliff.

Just two weeks ago, economists were banking on at least one more interest rate rise from the People’s Bank of China this year because inflation remained hot. Indeed, Tuesday’s figures showed it hit a fresh three-year high at 6.5 percent.

BEIJING (Reuters) – China is still nursing a hangover from its 2008 stimulus spending spree and may be reluctant to kick off another big round, leaving less potent options on the table should the global economy tilt toward a cliff.

Just two weeks ago, economists were banking on at least one more interest rate rise from the People’s Bank of China this year because inflation remained hot. Indeed, Tuesday’s figures showed it hit a fresh three-year high at 6.5 percent.

SINGAPORE (Reuters) – Federal Reserve Chairman Ben Bernanke, an expert on the Great Depression, once promised that the central bank would never repeat its 1937 mistake of rushing to tighten monetary policy too soon and prolonging an economic slump.

He has been true to his word, keeping interest rates near zero since late 2008 and more than tripling the size of the Fed’s balance sheet to $2.85 trillion. But cutbacks in government spending may end up having a similarly chilling effect on the economy, and there is little Bernanke can do to counter that.

NEW YORK/SINGAPORE (Reuters) – The world’s industrialized nations, burdened with aging populations and deeply in debt, face years of slow economic growth that could speed the shift of economic clout to the East.

The United States has no coherent plan to pay for supporting a retiree pool that is about to overflow with the so-called “babyboom” generation, and lawmakers missed an opportunity to address that during the debt debate that dragged the country to the edge of default this week.

SINGAPORE (Reuters) – Asia’s best hope for insulation against a worsening economic outlook in the United States and Europe rests on China, and it may not be willing or able to do the job.

With inflation running at a three-year high, Beijing has pulled every lever at its disposal to try to brake economic growth, yet price pressures persist. That argues against a repeat of 2008, when China ramped up government spending to counter the global recession, buoying Asia and the world.

SINGAPORE (Reuters) – Asia’s best hope for insulation against a worsening economic outlook in the United States and Europe rests on China, and it may not be willing or able to do the job.

With inflation running at a three-year high, Beijing has pulled every lever at its disposal to try to brake economic growth, yet price pressures persist. That argues against a repeat of 2008, when China ramped up government spending to counter the global recession, buoying Asia and the world.

NEW YORK/SINGAPORE (Reuters) – The world’s industrialized nations, burdened with aging populations and deeply in debt, face years of slow economic growth that could speed the shift of economic clout to the East.

The United States has no coherent plan to pay for supporting a retiree pool that is about to overflow with the so-called “babyboom” generation, and lawmakers missed an opportunity to address that during the debt debate that dragged the country to the edge of default this week.