With few economic data releases out over the holiday period we are assessing developments in 2015 and looking forward to the issues that will concern markets this year. This week we look at the developing and emerging economies.Developing countries have formed more than half of the world economy since the global financial crisis and, with generally higher growth than the advanced economies, this share is continuing to rise.According to the International Monetary Fund they accounted for 58 per cent of global output in 2015, when measured at purchasing-power parity (PPP). Problems in the largest...
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China’s consumer inflation continued to slow in 2015 due to lackluster domestic demand amid a slowing economy, official data showed on Saturday.The consumer price index (CPI), a main gauge of inflation, increased 1.4 percent year on year in the last year, down from a 2 percent increase in 2014 and 2.6 percent in 2013, the National Bureau of Statistics (NBS) said in a statement.The reading hit a six-year low and was far below the government’s 3-percent target set for the year, data showed.In 2015, food prices, accounting for one-third of the CPI calculation, rose 2.3 percent and non-food prices...
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Chinese drone maker Ehang Inc unveiled what it calls the world’s first drone capable of carrying a human passenger at the Consumer Electronics Show in Las Vegas on Wednesday.The company said it is anticipating large-scale commercial use of its aerial vehicle.Ehang 184 takes off and lands vertically like a helicopter but with four double-propellers spinning parallel to the ground like other drones. Having the destination input, the automatic flight control system will choose the fastest, safest route to fly the passenger, who only needs to give two commands, "take off" and "land&...
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The Chinese Ministry of Industry and Information Technology (MIIT) began to research and test 5G technology Thursday with the aim of commercializing it by 2020.The purpose of the research and test is to support the formulation of global 5G standards and boost the development of the telecom industry, said Cao Shumin, head of a 5G R&D team under the MIIT.Research and test work will be completed by 2018 and domestic telecom service providers will try to commercialize the 5G technology in the following two years.China has made progress in the research of some key areas regarding 5G technology,...
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Volvo is preparing to issue bonds for the first time as a stand-alone carmaker as the Swedish company enters the next phase of its turnround having recently developed a new manufacturing platform and launched upmarket models.A move into the capital markets by the Gothenburg-based company, which has been owned by Zhejiang Geely Holding of China since 2010, could be a prelude to a stock market debut, say people close to the carmaker.“What’s important for us is, I think, is that we have to improve the company and run it as if it was listed,” said Hakan Samuelsson, chief executive. “That is very h...
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