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China’s annual economic growth probably slowed to 9.3 percent in the third quarter from 9.5 percent in the second quarter, with inflation still high, a think-tank said in a forecast issued on Monday (25 /7) quoted by Reuters.

Estimates by the National Development School at Peking University noted a continued slowdown in the world’s second largest economy, which grew by 9.7 percent pace in the first quarter of this year. “The rapid growth in the last 30 years will eventually slow down. The problem is when it will happen and how quickly,” said China Securities Journal quoted Guoqing Song, a professor at the school. “Although economic data is not good, people do not have to worry too much about it,” said Song.

“Gradual slowdown in the economy is the result of government policies that make monetary tightening to control inflation,” analysts said.

The average annual inflation will be in the range of 5.9 percent in July-September period, compared with 5.4 percent in the first half, far exceeding the government’s annual target by 4 percent. Annual inflation reached a three-year high in June at 6.4 percent.

China will exceed the U.S. and dominate global trade in 2030, says a leading accounting firm.

China global trade ready to surge exceed the U.S. in 2030, according to a report from PricewaterhouseCoopers (PwC).

Currently, China’s international trade worth 2.21 trillion dollars, compared with 2.66 trillion U.S. dollars.

China established as the world’s second largest economy earlier this year, taking over the Japanese.

According to the PwC report, the coming years will be seen global trade through a fundamental change as new economies like China and India began to dominate the air transport routes and major sea.
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The price of crude oil in the U.S. trade fell $ 3 more on Tuesday (12 /4). Markets respond to Goldman Sachs suggested that oil prices can go down when it’s too expensive because the demand will go down.
Crude oil of light crude fell US$ 3.67 to US$ 106.25 per barrel for May delivery on the New York Mercantile Exchange. For Brent oil in London, down US$ 3.06 to US$ 120.92 per barrel. Contact May will end on Thursday tomorrow.

“Fear of price pressure because there is demand for understanding the oil price increase to the highest level will not last long,” said Phil Flynn, analyst at PFG Best Research in Chicago Read it all..

Japan’s economy is under strong pressure due to the devastation caused by earthquakes and tsunamis, said the Bank of Japan (BOJ).

BOJ said that the downward pressure that comes largely from loss of production and supply chain disruption.

The central bank did not alter its monetary policy, leaving the interest rate in the range of zero to 0.1%.

BOJ said it would offer one trillion yen in new loans a year.

The loan will be extended to financial institutions in areas affected by the quake with only 0.1% interest rate. Read it all..