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Don’t panic over China private investment crash

  Bloomberg Alarmed by a collapse in private investment in China and a surge in state spending? Calm down, say three analysts, who argue that data problems are exaggerating the trend. Investment numbers this year aren’t completely comparable with 2015 because they include firms that recently migrated from the private to the state sector, says Nicholas Lardy, a senior fellow ...

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Japan’s minister sees wages as key to Abenomics

  Bloomberg Wage growth is the key to escaping deflation and realizing the promise of Abenomics, according to regional economy minister Kozo Yamamoto, a recent appointee to Prime Minister Shinzo Abe’s cabinet. “If you consistently raise wages every year, people will start to consume and invest,” he said in an interview with Bloomberg News on Aug. 26. Yamamoto stressed the ...

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Biggest Indian LNG refiner on buying binge

  Bloomberg Indian Oil Corp., the nation’s biggest refiner that’s also boosting its liquefied natural gas business, is lifting purchases of the fuel to take advantage of a price plunge amid a glut. The state-run company plans to buy two LNG shipments per month in the spot market for six months from October, according to Debasis Sen, director of planning ...

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