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Forum Post: THE NEWS WRAP: IMF warning over economic slowdown in China

Posted 1 year ago on July 12, 2013, 3:26 a.m. EST by smithnatasha28 (0)
This content is user submitted and not an official statement

http://www.startupsmart.com.au/business/imf-china-growth-warning-kkrs-65bn-fund-us-wholesale-inventories-slump/2013071010186.html

IMF chief economist Olivier Blanchard has warned of the possibility of a slowdown in China’s growth rates, with figures showing a 3.1% year-on-year fall in exports during June, with imports down 1.8% in Australia’s largest trading partner.

While China’s imports from Australia are up 11.9% over last year, its global imports of iron ore are down by 7%.

"The country where there is the largest risk in terms of large decrease in growth is China," Blanchard says.

"The risk is the slowdown in investment comes first and there is not the increase in consumption which is fast enough to compensate."

Cashed up KKR planning to invest $6.5 billion war chest

Private equity firm Kohlberg Kravis Roberts has raised $6.5 billion in funding through its Asian Fund II pan-Asian private equity fund, and is gearing up to make major investments in the region.

The firm, which has $78 billion under management, recently sold a stake in Kerry Stokes’ Seven West Media for $265 million and has previously made plays for Australian companies including Coles Myer, Perpetual and Pacific Brands.

“Having invested more than $US5.5bn in Asia since 2005, we have demonstrated our commitment to the region, as well as the effectiveness of our successful global-local and partnership approach," KKR Asia managing partner Joseph Bae says.

US wholesale inventories slump

The US Commerce Department has released new figures showing wholesale inventories fell by 0.5% during May, making the second straight monthly decline and putting pressure on US second quarter GDP growth.

“While upcoming US GDP data will continue to show a fairly weak picture ... the jobs market is healthier," Richard Gilhooly, an interest rate strategist at TD Securities in New York, told Reuters.

The figures were released as US Federal Open Market Committee policy minutes were released, showing “about half” of the participants argued the US quantitative easing program should be wrapped up this year, rather than in mid-2014.

However, policymakers warned any tightening of fiscal policy should be subject to economic growth and an improving labour market.

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[-] 1 points by windyacres (1002) 1 year ago

You can disregard all reports. Decisions about money will be made to benefit this conglomerate; In short, the Federal Reserve is controlled by four large private companies: BlackRock, State Street, Vanguard and Fidelity.

The global conglomerate summarized by Karen Hudes;

The best way to simplify the Federal Institute of Technology study: the eight largest U.S. financial companies (JP Morgan, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, U.S. Bancorp, Bank of New York Mellon and Morgan Stanley) are 100% controlled by ten shareholders and we have four companies always present in all decisions: BlackRock, State Street, Vanguard and Fidelity. In addition, the Federal Reserve is comprised of 12 banks, represented by a board of seven people, which comprises representatives of the “big four,” which in turn are present in all other entities. In short, the Federal Reserve is controlled by four large private companies: BlackRock, State Street, Vanguard and Fidelity. http://www.globalresearch.ca/who-controls-big-money-the-barclay-s-octopus/21392