Construction begins on the East Harbour Transit Hub in Toronto. (Andrew Francis Wallace/Toronto Star via Getty Images) · Andrew Francis Wallace via Getty Images Canada’s economy shrank 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, a slower pace than analysts had expected. The contraction was largely the result of…
Finance Minister Lan Foan has emphasised that fiscal efforts to support China’s technological advancement are a government priority, as many analysts predict that Beijing will raise this year’s fiscal deficit ratio to 4 per cent to bolster economic growth. In an article in the Communist Party mouthpiece People’s Daily on Friday, Lan pledged that his…
BEIJING (Reuters) -China’s factory activity expanded modestly for a second straight month in November, an official survey showed on Saturday, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world’s second-largest economy. The National Bureau of Statistics purchasing managers’ index (PMI) on Saturday rose to 50.3 –…
BEIJING (Reuters) -China’s manufacturing activity in October expanded for the first time in six months, an official factory survey showed on Thursday, supporting policymakers’ optimism that recent fresh stimulus will get the world’s No. 2 economy back on track. The official purchasing managers’ index (PMI) rose to 50.1 in October from 49.8 in September, just…