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Global Stocks Rise After Surprise China Rate Cut

Global Stocks Rise After Surprise China Rate Cut

Worldwide stock markets rose Friday after China increased interest rates for the fourth time this year. The boost comes after stocks across Asia, Europe, and the Americas had already climbed Thursday following the European Central Bank’s signaling that it was ready to increase the scope of its stimulus measures. ECB chief Mario Draghi announced Thursday […]

Report: China Now Has the World’s Largest Middle Class

Report: China Now Has the World’s Largest Middle Class

China’s middle class has reached 109 million, outranking the United States for the No.1 spot for the first time ever, according to the Credit Suisse Report. According to the report released On October 13, the middle class in China has been growing faster than its U.S. counterpart. Since 2000, China has added 43.4 million adults […]