Experts Are Wary Of Economic Growth Figures Presented by China
All things considered, it appears China's crackdown on capital outflows is working. China has released their official economic growth numbers for 2016. As was to be expected, things are not looking great, although the sky is not falling either. With a 6.7% growth throughout 2016, the country falls short of expectations. Moreover, there are questions regarding the growth number, as it seems to reek of tampering. A previous report hinted at how 6.7% growth has been “achieved” for every quarter in 2016, which is an impossibly even number. The world’s largest economy continues to cause a lot....
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China's position as the most active bitcoin trading market has come to attention again as Beijing exchange OKCoin topped daily dollar trades for the first time earlier this week. This comes weeks after Shanghai exchange BTC China highlighted that yuan trades comprised more than 70% of trading volume. As Chinese exchanges jostle for the top spot in global trading volumes, yuan trading is now three times greater than dollar trades. Analysts and exchange operators say China's dominance in bitcoin trading is largely due to macro factors like China's investment environment, but caution that....
At the Inside Bitcoins conference in Las Vegas, the CEO of the world's largest bitcoin exchange, BTC China, dished out some impressive figures with regard to his exchange's growth. "Trading volume has risen from $5 million to $50 million," said head honcho Bobby Lee. Malcom CasSelle from Timeline Labs said "[BTC China is] transacting 150,000 BTC per day." On the topic of when the recent news that China was warning financial institutions from toying with bitcoin, CasSelle said that "BTC China as a business will not have problems with deposits and withdrawals", referring to the very banks....
Bitcoin Price has held steady despite apparently coordinated efforts to pull price back into decline. We look at the outcome of an uptick in growth in the Chinese Economy, as well as the coming surge in Bitcoin adoption to be precipitated by unavoidable market turmoil. China Growth Improves (a little bit). Global Economy. Bitcoin Price Collusion. Summary. Comments. China Growth Improves (a little bit). China's quarterly GDP beat expectations by point one of a percent by coming in at 7.3% for July-September 2014. China's economic growth was, according to Bloomberg, driven by higher export....
China posted a trade balance recovery to an audible global sigh of relief from the captains of finance. Some allege that the figures have been cooked in special sauce but, even so, the positive data from the world's economic kitchen has mixed implications. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 12 October. US Bank Holiday. Tue 13 October. Australia Business Confidence (actual:5 previous:1). China Trade Balance (actual:60.3B expected:46.9B....
The International Monetary Fund (IMF) recently released the latest results for the world economy. And when you measure national economic output in "real" terms of goods and services, China will this year produce $17.6 trillion - compared with $17.4 trillion for the U. S., Market Watch reports. The U. S. had the world's highest economy since 1872. In 2000, the U. S. A. produced nearly three times as much as the Chinese. China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U. S. China's Gross Domestic Product (GDP)....