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How to use a data point to understand China’s economic performance

The world’s second-largest economy is slowing as a result of slowing domestic demand and rising international trade.It has already been the subject of two US sanctions in a year.Now it has been told it must reduce the number of people employed in manufacturing.The Chinese central bank says the move will cut growth by about 0.5%

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How to win over ‘The Rich’

President Donald Trump’s administration is pushing a plan that would require more Americans to prove they’re worth at least $1 million per year before their tax dollars are awarded.The plan, unveiled Tuesday by Treasury Secretary Steven Mnuchin, would increase the minimum wage to $10.10 an hour and give the Treasury Department more authority to collect

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How Trump’s tax cuts will change the economy

The president’s tax reform proposal would eliminate all income and payroll taxes, and replace them with a two-step process.Under this process, the top rate would drop from 39.6% to 25% while the top tax rate would fall to 39.7% from the current 35%.Under the plan, the highest tax rate on capital gains would drop to

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How a $1.5 trillion federal stimulus could help the economy as it evolves

Economic efficiency and economic sectors have both been a major focus of the stimulus.But what about the other sectors, such as manufacturing, health care and finance?The answer is surprisingly simple: they all require the same basic ingredients.“What you need to have in the economy is a lot of low-cost production and a lot more production

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China economy slows to its lowest growth rate in four years

China’s economic growth rate slowed to its weakest rate in more than four years in March as growth slowed to a record low.The People’s Bank of China reported Friday that its economic growth slowed from 7.8% in March to 7.2% in April, according to data released by the central bank.Economists surveyed by Bloomberg had forecast

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What is the job market for Israeli economy majors?

Economists are not sure how many jobs there will be in Israel after the 2019 Israeli economic year ends on June 30, 2019.However, according to recent research, most economists agree that the Israeli economy is not at its peak.The Israeli economy experienced a huge drop in real GDP and gross domestic product (GDP) after the

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When you get hit by the ‘silver bullet,’ a textbook

From the New York Times, August 21, 2021: The silver bullet is the answer to all our problems: The Nobel Prize-winning economist Joseph Stiglitz has been predicting that the US economy will be “dying” in the coming years, and that it will not be able to withstand the ravages of global warming.As he puts it,