Tag Archive

China’s banks stop giving loans to real estate

China’s banks stop giving loans to real estate

November 15, 2010 No Comments

China’s banks are going to stop giving out loans to real estate developers in order to slow down investment. Increasing home prices and sky rocketing investments are the cause for the change of action amongst China’s major banks.  This is part of the government’s intent when the top four state-owned lenders suspended credit to developers ...

China is the scapegoat for bad US economy

China is the scapegoat for bad US economy

October 30, 2010 No Comments

In current election campaigns members of both parties are using China as a scapegoat for the US’ economic misery. What is disregarded and unnoticed in intolerant attacks is the fact that China is a major trade partner for many US states. Using this explanation for the current US economic state is an easy but well ...

Germany leading the way – Europe’s economy is following an upward trend

Germany leading the way – Europe’s economy is following an upward trend

September 7, 2010 No Comments

According to figures released on August 13 by the eurostat news release Germany’s economy grew by 2.2% between April and June. This increase is an indicator for the positive economic trend by the Europe as well as shown by its GDP growth of 4%, exceeding any optimistic forecasts. Compared to the US, the unemployment rate ...