China

Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund (IMF) said on Sept. 1, due to a slower recovery in advanced economies and a further slowdown in emerging nations. 

Japanese Finance Minister Taro Aso said on Sept. 1 it would be beneficial for this week's meeting of the Group of 20 major economies to discuss what is going on in China's economy.

China is Japan's biggest trading partner. China's stock markets have lost nearly 40 percent of their value since mid-June as an economic slowdown rattles investors. 

Nikolic arrives in China, set to attend military parade

Serbian President Tomislav Nikolic has arrived in China for a state visit.

He will attend a military parade marking the 70th anniversary of victory over fascism in Beijing on September 3, the president's office said on Sunday.

Turkey?s foreign trade deficit widened by 6.5 percent to over $7 billion in July compared to the same month of last year, data from the Turkish Statistical Institute (TÜ?K) showed on Aug. 31.

Chinese investments and infrastructure projects in Serbia are "of great importance for the strengthening of economic cooperation between the two countries."

This is what President of the People's Republic of China Xi Jinping and his Serbian counterpart Tomislav Nikolic concluded in Beijing on Monday, according to a statement from the Serbian Presidency.

China's main state broadcaster on Aug. 31 paraded a financial journalist "confessing" to causing the stock market "great losses" as authorities seek to rein in a rout on the exchanges.
 

Tokyo said on  Aug. 31 it has complained to the United Nations over Secretary General Ban Ki-moon's plan to attend a huge military parade in Beijing to mark the 70th anniversary of Japan's defeat in World War II.

A reader asked me not to write about ?useless topics? such as summer book recommendations, the relationship between democracy and growth and the economics of weed or love- and ?show him the money? instead. As your friendly neighborhood economist, I am happy to oblige.

Competing with a powerful China, which has joined capitalism as a ?unique? actor, will be more difficult for Turkey, but more importantly competing with Chinese goods in the local market will also be tough China is a huge country accommodating almost 20 percent of the world population. It is a country that has been occupying the world?s agenda in recent years. 

Brazil has slipped into recession, the government said on Aug. 28, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.

In the second quarter of this year, gross domestic product fell 1.9 percent, according to official figures.