China, the world’s second-largest economy, could be the next country to join the zero interest rate club, according to Oxford Economics. “There is a risk that Chinese short-term rates will approach the zero ‘lower bound’ by 2016,” said Adam Slater, an economist at Oxford, in a research note on Tuesday. Oxford’s Slater believes that China’s economic … Continue reading
China’s gross domestic product (GDP) growth is being overstated by 1 to 2 percentage points due to a glitch in the way it is being calculated, according to estimates from Capital Economics, the Financial Times (FT) reports on Sunday. According to the estimates from Capital Economics, this would mean China, the world’s second-largest economy, had only grown by … Continue reading