Post Tagged with: "Deflation"

A New 1930s: Lessons for Workers and Socialists

A New 1930s: Lessons for Workers and Socialists

“The shock to the global economy from COVID-19 has been both faster and more severe than… even the Great Depression”

China’s devaluation: Currency war escalates

China’s devaluation: Currency war escalates

Sudden reversal of Beijing’s previous exchange rate policy underlines seriousness of China’s economic woes

What does China’s reserve ratio cut mean for its slowing economy?

What does China’s reserve ratio cut mean for its slowing economy?

China’s leaders in tough balancing act between growing debt mountain and falling growth rate chinaworker.info China’s central bank (PBOC) announced on Wednesday 4 February a half percentage point cut in banks’ reserve requirement ratio (RRR) in a move to add liquidity to a slowing economy. The change reduces the amount of deposits […]

China’s GDP slowest since 1990

China’s GDP slowest since 1990

The Chinese economy has decelerated by 30 percent in the past five years chinaworker.info reporters The release this week of official 2014 GDP data confirmed expectations that China’s economy recorded its slowest pace in 24 years. Most economic forecasters point to even slower growth in the coming years as China […]

China: Hard landing in 2015?

China: Hard landing in 2015?

China’s economic slowdown already being felt throughout world economy Vincent Kolo, chinaworker.info “The most important number in the world, for the past 30 years and next five years, is China’s growth rate,” declared BBC Economics Editor Robert Peston. With a stream of data confirming a pronounced slowdown in the Chinese […]