How Scary Is The Slowdown In China? Shanghai Is Refusing To Set New Growth Targets After Reporting A Huge Miss
Of China’s 31 provinces, 30 managed to miss their 2014 growth targets with Tibet the only one to hit its forecast as evidence mounts that the country’s economy is slowing. And Shanghai is now refusing to submit a growth target for 2015, the Financial Times says. This, apparently, is the “new normal” promised by Premier Li Keqiang…
BUCHAREST, Jan 30 (Reuters) – Romania’s central bank rejected calls on Friday for a broad solution to cushioning borrowers from the sharp rise in the Swiss franc, saying proposals such as intervening to strengthen the leu currency would hurt economic growth.
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