China Growth Seen at 13-Year Low by Pimco


15/05/2012 07:25 AST  Bloomberg

China’s slowdown may deepen as policy makers unwind the excesses of a record credit boom while only gradually increasing stimulus, leaving 2012 growth at the weakest in 13 years, Pacific Investment Management Co. says.

“The economy is unlikely to bottom until the third quarter,” Ramin Toloui, Pimco’s global co-head of emerging markets portfolio management in Singapore, said in e-mailed comments May 13. “Policy makers will progressively turn the dial toward more stimulus, but not in the aggressive manner of 2009,” restrained by the goal of tempering the credit-fueled property market, he said.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV
Most Viewed Companies
Ticker Price Volume
TAWUNIYA 58.97 1,139,509
ALKHODARI 42.98 19,305,821
RIBL 18.36 982,249
SABIC 97.94 4,838,743
EMAAR 10.95 30,778,703
EEC 52.57 6,417,691
NCB 61.38 4,426,094
Recent News

Qatar calls for creating Common Islamic Market
Speaking on behalf of all Arab countries, Qatar’s Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, yesterday at the Ministerial Session of the 30th COMCEC meeting i

Dammam-Jeddah rail link ‘will boost Europe trade’
The president of Saudi Ports Authority, Abdul Aziz Altuwaijri, has emphasized the importance of linking Dammam and Jeddah ports by a railway line, saying it would boost Saudi Arabia’s trade with GCC

SAMA’s net foreign assets reach SR2.753 trillion
Saudi Arabia’s bank lending growth to the private sector accelerated to 15.7 percent year-on-year in October, the fastest rate since May 2013, from 13.2 percent in the previous month, data from Saudi

Global recognition for ICD’s strategic initiatives
The Islamic Corporation for the Development of the Private Sector (ICD) has been awarded the accolade of ‘Excellence in Development of the Islamic Private Sector – MENA 2014’ by International Finance

Zain Saudi proposes capital reduction
Zain Saudi has proposed a capital reduction to shareholders to eliminate all accumulated losses up to Sept. 30, the company said in a statement on the Kingdom’s bourse.

The move would cut i

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?