• Vietnam among top world’s gold consumers

      20/02/2014
    Vietnam ranks seventh in the world in terms of gold consumption, according to the World Gold Council (WGC).  
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  • China’s lending bubble could now lead to zero GDP growth

      19/02/2014
    China has been primarily responsible
    for driving global growth since the Crisis began in 2008. Auto sales, for example, would have seen negative
    growth world-wide without China. And auto manufacturing is the world’s
    largest manufacturing industry. The chemical industry has been in a
    similar position. Whilst China is also now responsible for nearly 50% of global metal demand.  
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  • Asia Has Crisis to Thank for Gains in Emerging Rout

      18/02/2014
    South Korea, Malaysia, Taiwan, Indonesia, Thailand and the Philippines had combined foreign-exchange reserves of $1.2
    trillion last month, more than five times the $233 billion
    figure at the end of 1998, official data show. China’s foreign-currency holdings reached a record $3.8 trillion in December,
    the world’s largest, from $145 billion 15 years earlier.  
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  • Vietnam economic growth to rebound by 2016

      18/02/2014


    Vietnam
    ’s economy should be
    growing at a rate of 7 percent again by 2016, according to a report by
    global accounting firm Ernst & Young.


    The
    UK-based firm, which placed the country fourth on its list of 25
    potentially vulnerable fast-growing economies, expects faster economic
    growth from this year as policy makers are making efforts to reduce the
    fiscal deficit, continue curbing inflation, and bring down borrowing
    rates.

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  • Copper Advances With Base Metals on China’s Record New Credit

      17/02/2014
    Copper climbed to a one-week high,
    extending two weeks of gains, after a report showed China’s new
    credit increased to a record last month, boosting demand
    prospects for industrial metals from the top user.  
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