An economic researcher from the Chinese Academy of Social Sciences says China must give up the breakneck growth rate it's maintained since the turn of the century
Rex Minerals (ASX:RXM) has released the prefeasibility study for its proposed copper project at Ardossan indicating that the mine would cost AUD$900 million to construct and generate $11 billion over its current mine life.
Imagine for a moment that you have a credit card with a limit of a few trillion dollars but with one caveat: you need to use those funds exclusively to provide for your family. It sounds easy, until you realize your “family” is 1.1 billion people...The Chinese government is in a similar position.
Despite setbacks in the global economy, sub-Saharan Africa is expected to grow at 4.8% in this year, broadly unchanged from the 4.9% growth rate registered in 2011 and largely on track, according to the World Bank’s latest report.