Latest Special Articles - Asia Economic Facts & Events
China's Monetary Policy Plans: Effect on Consumers and Investors
The People’s Bank of China, China’s central bank, has committed to the “moderately loose” monetary policy that has helped the economy recover from the global economic slump. Over the next two quarters, the central bank will pay attention to the increase in domestic asset prices and inflation expectation by fine-tuning its monetary policy, according to a recent article by Zhang Xiaohui, the director or the PBOC’s ...Read Full Article
Russia: Oil Production, Price Fluctuations and the Country's Economic Recovery
In 2007, Russia’s real GDP grew approximately 8.1 percent, making it the country’s seventh consecutive year of economic expansion. The country’s economic growth during the 2000-2007 period was primarily driven by energy exports, given the increase in Russian oil production and relatively high world oil prices during the time period.Russia’s ...
Japan's Largest Banks Report Profit
According to the Tokyo-based bank, net income rose from 51.2 billion yen in 2008 to 75.9 billion yen ($797 million) in the second quarter of 2009. The company’s profit was assisted by the increase in lending income and gain in stockholdings after investing $9 billion in Morgan Stanley in October 2008. Five of the largest banks in Japan announced improved results from the first ...Read Full Article