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China home prices decline in February: survey BEIJING: China's housing prices fell in February, a survey showed Saturday, renewing fears of weakening growth in the world's second-largest economy. The average price of a new home in China's 100 major cities fell 0.24 percent from January to 10,539 yuan ($1,682) per square metre, according to the China Index Academy. The figure represents a turnaround from January's 0.21 percent rise, according to academy data. Yet is in line with a longer-term trend prior to January, which saw prices drop for eight consecutive months. On a year-by-year basis, prices fell 3.84 percent in February, greater than last month's 3.09 percent, according to the statement."February coincided with the Chinese New Year holiday, with companies' promotion efforts and price adjustments at their yearly low, and the property market as a whole has experienced fluctuations," the statement said.It added that the market is expected to stabilise with the arrival of spring and anticipated ...

India pledges infrastructure spending to help economy 'fly' NEW DELHI: India's finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to "fly", as he unveiled the new right-wing government's first full budget.Arun Jaitley said his government had inherited an economy dominated by "doom and gloom" when it took power last year, trumpeting its achievements in conquering inflation and kick-starting growth."The credibility of the Indian economy has been reestablished. The world is predicting this is India's chance ...
India to increase investment in infrastructure in 2015/16 NEW DELHI: India will increase investment in the country's infrastructure by 700 billion rupees ($11.35 billion) in the fiscal year 2015/16, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.Copyright Reuters, 2015 ...
India to delay anti-tax avoidance rules for foreign investors MUMBAI: India's Finance Minister Arun Jaitley said on Saturday the government would delay the implementation of planned General Anti-Avoidance Rules (GAAR) by two years, while saying it would make no distinctions between foreign direct investments and foreign portfolio investments.Earlier, Jaitley set the country's fiscal deficit target for the 2015/16 fiscal year at 3.9 percent of gross domestic product and said it would reduce the target gradually to 3 percent by 2017/18, one year later than ...
India to increase infrastructure investment by $11.3bn NEW DELHI: India will hike investment in infrastructure by $11.3 billion including on crumbling roads and railways in a bid to boost growth, the finance minister said Saturday as he unveiled his government's first full budget.The government will spend 700 billion rupees ($11.3 billion) in the coming fiscal year given the "pressing need" to upgrade infrastructure including to attract foreign investment, Arun Jaitley told the national parliament.Copyright AFP (Agence France-Presse), 2015 ...
Sri Lanka inflation hits 11-year low COLOMBO: Sri Lanka's inflation hit an 11-year low in February on the back of drastic price reductions ordered by the new government, official figures showed Friday.The Colombo Consumer Price Index, the main measure of inflation in the island, increased by 0.6 percent in February, down from 3.2 percent in January and 4.2 percent a year ago.The previous low of 0.5 percent was recorded in January 2004.The new government of President Maithripala Sirisena, who came to ...
Poland seen cutting rates by 25 bps in March and in Q2 WARSAW: Poland is likely to cut interest rates by 25 basis points next week before delivering one more reduction in the second quarter to counter a long decline in consumer prices, a Reuters poll showed on Friday.Seventeen out of 25 economists polled from Feb. 25 to Feb. 27 expect the central bank's Monetary Policy Council (MPC) to cut the benchmark rate to a new record low of 1.75 percent when it meets on Tuesday and ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln