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China's trade data posted overnight showed scant evidence of the Sino-US trade war with exports steady and imports on the rise. It is likely too early for the US tariffs to skew the data much yet, however, and another drop in Chinese equities shows that the situation is far from resolved.
Editor’s Picks 19 February 2016 at 3:11 GMT

Pakistan growth surges to 7% as China invests billions

Bloomberg
Pakistan will see its annual economic growth rate surge to 7% in two years as it reaps the benefits from China and others investing more than $40 billion in infrastructure, according to the Finance Ministry’s top bureaucrat. Prime Minister Nawaz Sharif’s government is showing investors he’s serious about implementing economic reforms by heading toward completion of an International Monetary Fund loan program, Finance Secretary Waqar Masood Khan said on Wednesday. “We still face challenges in achieving a higher growth," Khan said. “Compared to our potential, our growth rate is significantly low.” Sharif is targeting growth of 5% for the current fiscal year ending in June, an eight-year high, as he works with the IMF to turn around an economy hindered by energy shortages and terrorism. China’s plans to invest $46 billion in an economic corridor are fueling optimism that growth will hit new heights. Pakistan started taking IMF loans in the 1950s but struggled to see them through.
Read full article at Bloomberg
4y
ukaly ukaly
Pakistani economy is a cash driven economy in general. There is hardly any concept of mortgages , credit cards, car loans although it is picking up pace now. bank lending is mainly involved in industries thus I consider it to be a very safe economy that is quite resilient to global financial turmoils. Having said that , economic safety and general safety is very different, if only the law and order situation gets better that is when any additional foreign investment will start coming through and we can then see the potential that the Finance Secretary is referring to.
4y
Adam Courtenay Adam Courtenay
Interesting. Thanks for that. It's a place we rarely look at - and I think that should be changed....

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