BEIJING (TIP): China’s annual economic growth slowed to a six-year low of 7.0 per cent in the first quarter as demand stayed weak, meeting analyst forecasts but fanning expectations that authorities will roll out more policy stimulus to avert a sharper slowdown. In the last quarter of 2014, China’s economy grew 7.3 per cent on an annual basis. On a quarterly basis, economic growth slowed to 1.3 per cent between January and March after seasonal adjustments, the National Bureau of Statistics said on Wednesday, compared with growth of 1.5 per cent in the previous three months.
Business & Economics
CHINA, INDIA LIKELY TO BE LARGEST SHAREHOLDERS OF AIIB
NEW DELHI (TIP): China will likely take a 25-30 per cent stake in the Asian Infrastructure Investment Bank (AIIB) and India is likely to be the second-largest shareholder, delegates attending a meeting of the bank’s […]
Europe
China raises Nepal aid 5-fold to compete with India
BEIJING (TIP): In what appears to be a straight competition for influence with India, China has increased its official aid to Nepal by more than five times. China has also promised to build electricity infrastructure […]
Americas
US envoy: North Korea is intimidating the entire world
UNITED NATIONS: US Ambassador Nikki Haley accused North Korea on Tuesday of intimidating the entire international community with its nuclear program, military ability and cyberattacks, and said any country that doesn’t implement UN sanctions is supporting Pyongyang’s actions. “No […]
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