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China premier: 'Next step is to make everyone rich'

China premier: 'Next step is to make everyone rich'

China is on course for another five years of robust growth, but inflation threatens social stability and must be tamed, Premier Wen Jiabao said on Saturday. In China's version of a "State of the Union" address to the annual parliamentary session, Wen said the top priority this year was to curb price rises that are hurting ordinary people in the world's second-largest economy.

 

Thailand emerges from recession

Thailand's economy emerges from recession after a pick up in exports, government figures show.

 

As G20 Leaders Set Deal, Geithner Criticizes China

The finance ministers from the Group of 20 economic powers reached a compromise, after pressuring China, on how to track imbalances in the global economy.

 

Times Have Changed: No More "China Produces and America Consumes"

Times Have Changed: No More

When I started to write my book The Chinese Dream three years ago, people in the United States did not even believe there was a middle class in China. Today, China’s middle class is already larger than the entire population of the United States and is expected to reach 800 million in fifteen years.

 

Poll: Few say America is ready to compete

Barely more than a third of all Americans rate the country's ability to compete economically in positive terms, according to a new Washington Post poll.

 

German Economy Grew At a Record Pace

German Economy Grew At a Record Pace

Germany's economy in 2010 grew at its strongest rate since the country's reunification, propelled by exports and rising investment, the Federal Statistics Office said.

 

Spanish Christmas lottery hands out $3 billion

Spanish Christmas lottery hands out $3 billion

Spain's beloved Christmas lottery sprinkled euro2.3 billion ($3 billion) in holiday cheer across the country Wednesday, winnings eagerly welcomed by a nation facing 20 percent unemployment....

 

Improvements to the US Economy Has Investors Ignoring the Problems in Europe

If we did not find ourselves smack in the middle of the Holiday season, I’d probably be talking about how the bull camp’s momentum appears to be waning and that we should be bracing for a meaningful pullback in response to the tiring trend, the overbought condition, and the overly optimistic sentiment readings. And while these issues are indeed present, it appears that the holiday spirit and the corresponding portfolio allocations may be the primary driver to what I will loosely term the current trend.

 

U.S. leads rich-world recovery as Europe lags: Reuters poll

U.S. leads rich-world recovery as Europe lags: Reuters poll

The United States will lead the rich world's economic recovery over the next two years while Japan and major European economies flounder by comparison, according to Reuters polls of more than 200 economists.

 

Pressure Rises to Bolster European Bailout Fund

The Belgian finance minister and International Monetary Fund suggested that the scope of measures to stabilize the euro should be strengthened.

 

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