Israel to call up 60,000 reservists as it launches ‘first stages’ of attack
on Gaza City – Middle East crisis live
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Troops already holding outskirts of territory’s capital, military says,
while Israel approves huge new illegal settlement splitting West Bank
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23 minutes ago
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Policymakers in China, the world’s third largest economy behind the U.S. and EU, face their own set of tough choices. Rapid growth rate has fueled inflation that is running at a double-digit rate, according to analysts -- much higher than official targets. To contain inflation, Beijing has raised interest rates five times and lifted banks' reserve requirements nine times since October. If it clamps down too hard, though, a deeper economic slowdown could reverse China's efforts to lift hundreds of millions of people out of poverty.
ReplyDeleteChina is also coping with a banking hangover of its own, after years of massive government lending for expansion of state-owned enterprises an infrastructure upgrades.