The economy will not be given a massive government stimulus in the face of slowing growth, Premier Li Keqiang signaled at a symposium in Beijing on Monday, instead pinning his hopes on a quicker pace of reform. Continue reading “Premier targets quicker reform to aid economy” »
China has just overtaken the US as the world’s biggest economy, at least when the figures are adjusted for Purchasing Power Parity or PPP.
According to the International Monetary Fund, the combined purchasing power of China’s citizens now outstrips that of America’s. Continue reading “China Overtakes US as the World’s Biggest Economy: IMF” »