Cries for more stimulus ring loudly in China because Chinese industrial output slowed to 6.9%. That is a number that any country in the world would be more than pleased with, but China's target is 7.5%. Why 7.5%? In fact, why should there be any targets at all? The economy is not a car that can be steered by bureaucrats to perfection. Nonetheless, Calls Grow for More Stimulus, as China August Factory Growth Slows to Near Six-Year Low.
The best conference panels, like the best blog posts, are the ones which change your mind. And while I haven’t done a U-turn on anything, after yesterday’s panel on smart cars I’m now thinking very differently about the relative merits of various ways of improving how we move around where we live and travel.
RANCHI: The Jharkhand government, Coal Ministry and Railways today signed memorandum of understanding for formation of a joint venture to construct railway lines in the command areas of Central Coalfields Ltd, a CIL arm. The MoU was signed by the officials of the respective sides in the presence of Union Minister of State for Coal and Power (Independent Charge) Piyush Goyal, Jharkhand Chief Minister Raghubar Das, Minister of State for Finance Jayant Sinha and Minister of State for Rural Development Sudarshan Bhagat.