- India Starts 2009 With More Rate Cuts and Stimuli
- China to Supplant U.S. as World’s Largest Manufacturer by Next Year
- With one-third of the world’s land… two-thirds of its people… and skyrocketing markets like China, there’s little doubt that Asia is poised for a long financial boom.
By Mike Caggeso Associate Editor Money Morning India started the year on an actionable note by sharply cutting interest rates and unveiling another stimulus package. The Reserve Bank of India lowered its repurchase rate by one percentage point to 5.5%, and lowered the reverse-repurchase rate by one percentage point to 4%. As part of its […]
By Jason SimpkinsAssociate Editor China will overtake the United States as the world’s largest producer of manufactured goods by next year, according to forecasts by economics consultancy firm Global Insight Inc. done on behalf of the Financial Times. China will account for 17% of the world’s manufacturing value-added output next year, versus the United States’ […]
In fact, the World Bank recently reported that Asia will soon account for 55% of the worldwide economy – double its current share. That would make it twice the global economic force that the U.S. is today. It’s a sobering thought. And yet it’s also an opportunity – perhaps the best one we’re likely see […]