China's economy smaller in new measure, still number two: study
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The size of China's economy is overestimated by some 40 percent based on most current measures, but is the world's second largest, the World Bank said Monday.
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China&#39;s economy will expand 8.8 per cent in 2004 and eight per cent in 2005, but growth next year may slow to 7.2 per cent if oil prices stay at around $40 a barrel, the Asian Development Bank said on Wednesday.
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TOKYO  - Japan's economy barely grew during the quarter ending Sept. 30 and in the April-June period it actually shrank instead of squeezing out slight growth, according to revised government data released Wednesday.
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Factory workers make less in China than in the U.S., and so do CEOs. But the impact on the market remains unclear.
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Economic growth in China and India has dramatically reduced the number of people in Asia subsisting below the poverty level of $1 a day, but the total remains in the hundreds of millions, the International Labor Organization said Tuesday.
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BEIJING -- China's booming economy grew even faster last year than originally thought, the government said yesterday, as authorities made public another measure meant to rein in the growth they fear could create problems.
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The US economy slowed less than previously estimated in the second quarter as exports and inventories grew, revised numbers from the government show.
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Good news for officials who are trying to cool an overheated economy; austerity measures to remain. BEIJING  - China reported a marked slowdown in investment and money supply growth Monday, but stubbornly
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The Japanese government downgraded its view on the economy slightly on Tuesday, citing weaker exports and output, but it said a recovery was continuing due to steady domestic demand, in terms of both personal consumption and capital spending.  "The economy continues to recover, while some weak movements have been seen recently," the government said in its monthly economic report.
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China released figures suggesting the economy is not decelerating as much as feared, easing concerns the government might have stepped too hard on the brakes.
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China's economy grew by a blistering 11.2 percent in the fourth quarter, propelling annual growth to its fastest rate in 13 years, the government said Thursday, showing that China remains vibrant despite worries that a possible U.S. recession will drag on global growth.
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(InfoWorld) - China now spends more on research and development than Japan, but still only invests a little over a third as much as the U.S., according to the OECD. Although China's economy is growing at between 9 percent and 10 percent a year, its R&D spending is growing even faster, the Organization for Economic Co-operation and Development said Monday. OECD member countries need to stimulate innovation in new ways, and make their research processes more efficient if they are to compete, the organization warned. U.S. R&D spending this year will total $338 billion, compared to China's $136 billion and Japan's $129 billion, according to OECD estimates. The 15 original member states of the European Union will spend $233 billion on R&D this year, the OECD said, assuming that the countries' spending continues to grow at the same rates as between 2000 and 2004. The OECD's figures, drawn from its report "The Science, Technology and Industry Outlook 2006," show that 926,000 researchers are involved in China's R&D efforts, an increase of 77 percent between 1995 and 2004, while in the U.S. the figure is just over 1.3 million: China has two-thirds the number of researchers for only one-third the spending. Although the OECD compares figures for national R&D spending, a growing proportion of that investment comes from other countries, thanks to multinational companies. More than 16 percent of business-funded R&D in the OECD was performed by foreign affiliates in 2004, the organization said, up from 12 percent in 1993. The share of inward R&D funding exceeded 40 percent in five countries: Australia, the Czech Republic, Hungary, Ireland, and the U.K. While countries compete with one another to attract this inward R&D investment, they are also competing for researchers, and the political issue of human resources is taking on greater urgency, the OECD said. The U.S. now has 9.3 researchers per 1,000 in the labor force, compared to 10.3 in Japan and only 5.8 in the 25 member states of the European Union. Replacing those researchers, or increasing their numbers, will get harder: Fewer students are graduating in science and technology subjects in Denmark, Finland, Germany, Hungary, Italy, South Korea, and the U.S., the OECD found, and in the U.S. the number of doctoral students enrolling is also falling. The European Union now produces more doctoral graduates in science and technology than the U.S. -- but it is the U.S. that offers them the most jobs: half of the 46,716 post-doctoral positions open in 2003 went to foreign graduates, the OECD noted. The OECD has 30 members states "sharing a commitment to democratic government and the market economy." The members include Australia, Japan, Mexico, New Zealand, South Korea, Turkey, the U.S. and 18 European countries including France, Germany, Italy and the U.K. The OECD Web site offers further details of the report.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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China&#39;s real gross domestic product (GDP) is projected to average around 9 percent in 2004 andto slow to about 7.5 percent in 2005, the International Monetary Fund (IMF) said Wednesday.
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The Japanese government downgraded its  view on the economy slightly on Tuesday, citing weaker exports  and output, but it said a recovery was continuing due to steady  domestic demand, in terms of both personal consumption and  capital spending.  "The economy continues to recover, while  some weak movements have been seen recently," the government  said in its monthly economic report.
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The U.S. economy grew more slowly in the second quarter than first thought amid shrinking corporate profits and higher imports, the government said on Friday in a report that confirmed momentum faltered in the spring.
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The Chinese Academy of Social Sciences said China&#39;s gross domestic product will grow 9.4 percent this year and slow to just above 8 percent next year, according to published reports Monday.
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The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought.