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China GDP falls to 26-year low, hits gov't target
- Home » Business » EconomyCHINA'S economy grew 6.7 percent year on year in 2016, the slowest pace of growth in 26 years, but well within the government's target range, official data showed Friday. . read more from here
Asian currencies firmer after less-hawkish Yellen, China GDP
- SINGAPORE: Most Asian currencies edged higher on Friday after comments from Federal Reserve Chair Janet Yellen sounded less hawkish than some expected, and as China 's fourth-quarter economic growth slightly exceeded expectations.The South Korean won rose 0.7 per cent and most other emerging Asian currencies also clawed higher as the dollar lost momentum after the latest comments from Yellen.With monetary policy still modestly accommodative, the US central bank should continue to raise interest rates slowly or risk harm to the recovery the Fed has sought to nurture, Yellen said on Thursday.Yellen didn't come across as sounding excessively hawkish, said Vishnu Varathan, senior economist for Mizuho Bank. . read more from here
China GDP beats expectations but debt risks loom
- FILE PHOTO - A building under construction is seen amidst smog on a polluted day in Shenyang, Liaoning province November 21, 2014. . read more from here
