China adopts new five-year plan for the economy
PanARMENIAN.Net – China’s Premier Li Keqiang has said China’s economic growth will stay on track, as the annual meeting of parliament draws to a close, BBC News reports. The National People’s Congress ended with the adoption of a new five-year plan for the … Continue reading at panarmenian.net
China’s Premier Li says confident in economy, vows no hard landing
“We are confident that as long as we continue to reform and open up, China’s economy will not suffer a hard landing,” Li said at a news conference at the end of the parliament meeting. “Economic productivity is being held back by unnecessary government … Continue reading at reuters.com
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China approves new five-year plan as Li reassures on economy
China’s Premier Li Keqiang has said China’s economic growth will stay on track, as the annual meeting of parliament draws to a close. The National People’s Congress ended with the adoption of a new five-year plan for the economy, aiming for 6.5-7% growth a … Continue reading at bbc.com
Chinese Premier Li Keqiang Says It Is 'Impossible' to Miss Economic Targets
BEIJING--Chinese Premier Li Keqiang on Wednesday defended Beijing's ability to deliver relatively high growth, saying it is "impossible" for China not to realize its own economic targets. In an annual news conference, Mr. Li said there are more … Continue reading at wsj.com
China's economic optimism derided as 'disconnected from reality'
Call him the Optimist-in-Chief. China's Premier Li Keqiang plays a central role in managing the country's economy. That gives him a front-row seat to the tide of sour recent developments, including mounting government and corporate debt, warnings that … Continue reading at theglobeandmail.com
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Weekly Economic Vital Signs – Downward Momentum Continues
So we don’t have a lot of good news to report with respect to wholesale inventories or small business optimism, but this has been consistent with the trend we have seen in most of the economic vital signs that we follow. We are looking for green shoots … Continue reading at seekingalpha.com
Obama concerned about Venezuela’s struggling economy
WASHINGTON (Reuters) – U.S. President Barack Obama, in an interview that aired on Monday, voiced concern about the struggling Venezuelan economy and said he did not want to see the country fail despite the tense relations between Washington and Caracas. Continue reading at news.yahoo.com
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China adopts new five-year plan aimed at halting economic slowdown
ET SPECIAL:Love visual aspect of news? Enjoy this exclusive slideshows treat! BEIJING: In a bid to halt the continued economic slowdown, China’s parliament today approved a new five-year plan, laying out the economic and social development blueprint that … Continue reading at economictimes.indiatimes.com
What to expect from the Federal Reserve meeting and Janet Yellen’s news conference
Yellen also will have a chance to emphasize the view of upside and downside economic risk during her news conference. Connect the dots Another key rate hike indicator will be contained in the Fed’s quarterly economic projections, which also will be … Continue reading at latimes.com
Voter anger, economic worries help propel Trump to Illinois win
SPRINGFIELD (AP) -- Donald Trump rode a wave of voter discontent with the federal government and anxiety about the economy to victory in the Illinois Republican primary on Tuesday, according to preliminary results of interviews of voters leaving their … Continue reading at chicagobusiness.com
* South Korea is set to announce its own punitive measures on North Korea this week, as the U.N. Security Council has adopted a new resolution imposing its harshest-ever sanctions on Pyongyang over nuclear and rocket tests earlier this year.
Seoul officials said that the government’s independent sanctions will include banning any vessels that have docked in North Korea during their voyage from entering South Korean ports.
The Office for Government Policy Coordination is discussing detailed measures to impose the sanctions with relevant government ministries, according to the officials.
Meanwhile, China, the North’s traditional ally, has omitted economic cooperation with North Korea from the list of its key future projects.
According to Beijing’s draft 13th five-year socio-economic development plan and the National Development and Reform Commission’s annual report released on Saturday, the Chinese government did not mention any plans for bilateral economic cooperation with Pyongyang.
Apparently infuriated by North Korea’s latest nuclear test, China has vowed to fully implement the new UNSC sanctions on the neighboring country.
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