One of the world’s most reliable economic indicators has bad news about all major markets
One of the more reliable indicators of the global economy continues to confirm fears of a worldwide slowdown. South Korean exports -- also referred to as the world’s economic canary in the coal mine -- fell 13.8% in December from a year earlier. Continue reading at finance.yahoo.com
Fed’s 2016 Tightening Cycle and the U.S. Economy
55:05 – On “Morning Must Read,” Bloomberg View’s Justin Fox takes a look at how the aging U.S. population may be affecting decision-making. He speaks on “Bloomberg .” (Source: Bloomberg) Continue reading at bloomberg.com
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Nebraska Economy Looking Good In The Long Run
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Fed’s 2016 Tightening Cycle and the U.S. Economy – Presented by: The Aol. On Network
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Abe says Japan no longer in deflation, economy on recovery path
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Improved economy creates prison staffing crisis for Kansas
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North Korea may send delegation to World Economic Forum meeting in Switzerland: South Korea’s Yonhap
SEOUL: North Korea may send a delegation to the World Economic Forum meeting in Switzerland for the first time in 18 years, South Korea’s Yonhap news agency reported on Monday, a sign that it sees international engagement as a way to bolster its economy. Continue reading at economictimes.indiatimes.com
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Stronger long-term economic growth key to Canadians prosperity: experts
Prime Minister Justin Trudeau's Liberals came to power on a promise to quickly prop up an economy that has just experienced the worst year since the recession of 2009. But, regardless of how that effort goes in coming months, fixing Canada for the long … Continue reading at thestar.com
* When Ms Du started buying stocks in 2013 she never imagined only two years later market panic across China would sweep away years of private savings.
Du, 64, a former accountant in a state-owned company, delved into China’s stock markets after her retirement two years ago. She didn’t travel abroad or play mahjong with her neighbours. As her husband kept working, she was left with plenty of time on her hands.
“Some people go on holidays – trading stocks is my thing,” she told Al Jazeera. “It was also to keep my brain functioning. You know, when you buy stocks, you have to do research, keep track of the news.”
Du – who gave only her surname for privacy reasons – has invested nearly ,500 since 2013 – 45 times the amount of her monthly pension of about 0.
When China’s stock markets started tumbling in mid-June after rising more than 150 percent in 2014, the value of some of her investments nose-dived by 60 to 70 percent.
“On some equities, I have lost lots, lots of money. But I had made so much cash before this summer’s market correction that basically now I am back on my feet. Luckily, my initial sum is still there.”
Unique to China
Trillions of dollars were wiped from global stock markets in August after China, the world’s second-largest economy, suffered massive financial losses. Chinese social media soon lit up with stories about investors jumping to their deaths after losing huge amounts of money.
In China, small investors such as Du make up 80 percent of the total daily volume traded on Shanghai’s SSE and Shenzhen’s SZSE, the country’s two main exchanges.
Trading stocks here is a national hobby and huge swaths of the Chinese population – including cab drivers, students, retirees, young graduates, and hairdressers – having tried their luck after the two exchanges first opened in 1990.
“Our stock market is still at the early stage of its development,” said Oliver Rui, professor of finance at the China Europe International Business School (CEIBS) in Shanghai.
“But you have to remember it was the same in the United States before the 1970s. Back then, the US stock market was also dominated by small individual investors.”
China, still, is unique in one aspect: The country has one of the world’s highest gross savings rates – 50 percent of GDP, according to World Bank data – but it offers limited investment channels. Chinese households, for example, were not allowed to own and trade gold bars until 2004.
The lack of social security safety nets also means stock markets are seen by middle-class investors as an instrument to improve their living standards.
China stock market hits the bottom ? china economy in bad face ???????? ?2015 ????,for more information about china world news visit site at http://youtube.com/user/videofilmfiles as well as business website at http://penglaichina.com
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