Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Canberra: The chief of Australia’s central bank has warned that the increasing built-up of debt in the Chinese economy, who is the biggest trade partner of Australia, can prove dangerous for both the countries. The debt to GDP ratio in the Chinese economy has risen from 100 percent to a staggering 260 percent in the […]

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China slams EU over its report, says calling it a ‘distorted state-run economy’ is hypocritical

China slams EU over its report, says calling it a ‘distorted state-run economy’ is  hypocritical

Beijing: The European Commission accused China of being a “distorted state-run economy”. China has expressed its displeasure on the Commission’s accusation and has criticised EU’s stand in this regard to be hypocritical and baseless. It is believed that the series of accusations between China and Europe would further strain the trade relations between both countries.  The European […]

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