Enjoy it while it lasts When oil prices went from where ever they were to $100 and above, everybody said oil is expensive. Consumers and oil importers complained when it hit $115 in July 2014. Gradually, however, everyone got used to $100+ oil. In the past couple of months, oil prices have plunged, hitting low… Keep reading →
China’s policymakers are leaning too heavily on investment to boost economic growth, a strategy that could destabilize the world’s second largest economy, according to a paper prepared by International Monetary Fund researchers. The paper, released this week, finds that China needs to lower total investment by about 10% of gross domestic product to correct course. If policymakers do not act, the authors say that “vulnerabilities will continue to build.” China, along with many other developing countries, has long depended on government-funded investment to encourage economic expansion.