Asia
Article Abstract:
China has emphasized that Hong Kong will have some autonomy in its financial affairs following a transfer to Chinese rule in 1997. China meanwhile has avoided a trade war with the US and has had its most-favored-nation status renewed. Meanwhile S Korea has seen a rise in its trade deficit, partly due to a drop in the value of the Japanese yen, but this can be financed from reserves. India has undergone an election with economic growth at 6%. The new government is to continue with reform and faces a budget deficit problem.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1996
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Asia
Article Abstract:
Asia has seen a drop in the growth of gross domestic product to 7% in 1996 from over 8% from 1992 to 1995. Growth is forecast at some 7% for 1997. Growth has dropped more in the more industrialized economies, and among the less industrialized economies, the Philippines may see a rise in growth for 1996. Chinese growth rates are the highest world wide. Exports of electronic products from Asia have slowed and this is linked to lower growth rates in the region.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1996
User Contributions:
Comment about this article or add new information about this topic: