05 Sep '11, 11am

World Bank chief urges China to rebalance economy: BEIJING: The head of the World Bank on Monday urged China to

World Bank chief urges China to rebalance economy: BEIJING: The head of the World Bank on Monday urged China to

BEIJING: The head of the World Bank on Monday urged China to rebalance its export-driven economy and said taming rising inflation remained the most important challenge for the country in the short term. Robert Zoellick said the world's second-largest economy would have to focus more on domestic demand, and warned that the coming months would be a "sensitive time" for many of the major developed economies. "It's hard for me to see that a continued reliance on export-led and investment-led growth will work for China over the next 10 years," he told journalists at the end of a five-day official visit to China. "And that challenge will even become clearer if the major developed countries have a hard time resuming their growth. So China needs to rebalance its economy, rely on more domestic demand, and increase consumption." The World Bank in July reclassified China as an upper ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

Tweets

Global shift towards new multi-polar world economy: World Bank chief

Global shift towards new multi-polar world econ...

channelnewsasia.com 06 Sep '11, 2pm

SINGAPORE: The US may have cut discretionary spending in an effort to steer its economy clear of a recession Mr Zoellick s...

Where global economy is heading 4-6 weeks from ...

thefinance.sg 04 Sep '11, 11pm

Where global economy is heading 4-6 weeks from now? by Patrick See on September 4, 2011 Wouldn’t it be nice to know what c...

SNA - World Bank to Set Up Knowledge and Financ...

The World Bank Group will make Singapore a hub for knowledge and financial activities and aims to employ 70 in the city-st...

S'pore to help China in toll-road management: S...

channelnewsasia.com 05 Sep '11, 8am

SINGAPORE: A deal has been signed to share Singapore's experience in toll-road related transactions with a state-owned con...

"In the World, at the Limits of Growth" Must re...

energybulletin.net 10 Sep '11, 3pm

We imagine this country is in crisis, yet crisis is relative. Most people in the world would envy our material austerity a...

Temasek buys China Construction Bank shares for...

Sept. 6 (Bloomberg) -- Temasek Holdings Pte, Singapore’s state-owned investment company, bought shares in China Constructi...

Singapore is the second-most competitive econom...

todayonline.com 08 Sep '11, 12am

SINGAPORE - The Republic is the second-most competitive economy in the world and the most competitive among Asian countrie...

Why Would Google Become A Bank?

Why Would Google Become A Bank?

searchenginewatch.com 13 Sep '11, 3pm

Increased value for AdWords ads: One big problem many local businesses (and some national) who invest in AdWords face is n...

Chinese government needs to act differently if ...

ethicalcorp.com 04 Sep '11, 10pm

Paul French says that the Chinese government needs to act very differently if it wants to be popular in the west Earlier i...

Bank of America to sell shares in China's CCB

channelnewsasia.com 29 Aug '11, 2pm

NEW YORK - Troubled US financial giant Bank of America said Monday it will sell about half of its 10 percent stake in Chin...

Watson takes a 1-shot lead in Deutsche Bank: Bu...

golf.com 05 Sep '11, 2pm

NORTON, Mass. (AP) — Even after three wins over the last 15 months, Bubba Watson still gets nervous going into the final r...

China's growth unlikely to save world from recession: analysts

China's growth unlikely to save world from rece...

channelnewsasia.com 09 Sep '11, 2pm

SINGAPORE : China's economic growth appears to be slowing, with industrial production moderating to 13.5 per cent in Augus...

Singapore lose to China in World Cup qualifier

Singapore lose to China in World Cup qualifier

straitstimes.com 02 Sep '11, 2pm

Singapore lost 1-2 to China in their third-round World Cup qualifying match in Kunming on Friday night. -- PHOTO: BERITA H...

China to be home to half of Asia's richest. The...

todayonline.com 02 Sep '11, 3am

HONG KONG - China's millionaires may account for about half of the rich people across 10 major economies in Asia and hold ...