China risks making ‘big mistakes’ with crackdown: Ex-IMF chief economist

The former chief economist of the International Monetary Fund has said that China risks making “big mistakes” as it cracks down on large swathes of its economy from technology to tutoring and real estate. “I’m very concerned about China because it is somewhat attacking the basis of its growth so far,” Raghuram Rajan said in … Read more

GDP forecasts by Goldman, JPMorgan, Citi, Stanchart

Workers work at a swimwear factory in Jinjiang, southeast China’s Fujian Province, on Tuesday, September 28, 2021. China advantage | Barcroft Media | Getty Images BEIJING – Ahead of China’s quarterly growth figures on Monday, most major investment banks cut their economic forecasts for the year and warned that sudden power outages and a downturn … Read more

Stock futures are flat after S&P has best day since March on strong earnings

US stock index futures were little changed during overnight trading on Thursday, after the S&P 500 posted its best day since March on stronger-than-expected earnings. Futures related to the Dow Jones Industrial Average gained 36 points. S&P 500 futures rose 0.11%, while Nasdaq 100 futures rose 0.12%. During regular trading, the S&P 500 advanced 1.71%, … Read more