The pace of migration of rural Chinese to cities, a dynamic hailed by Premier Li Keqiang as key to the nation’s development, is set to slow by a third in coming years, deepening economic-growth concerns.
Bank Indonesia Deputy Governor Budi Mulya became the latest target of probes into the 2008 PT Bank Century bailout that have threatened President Susilo Bambang Yudhoyono’s ability to fulfill his economic agenda.
Indonesia’s anti-corruption commission searched the central bank’s premises through the night as part of a probe into the 2008 PT Bank Century bailout that has dogged President Susilo Bambang Yudhoyono’s second term.
The Federal Reserve’s decision to postpone its rollback of U.S. stimulus offered Asian policy makers extra time to address domestic economic fragilities as the region copes with diminished capital inflows.
Emerging nations should prepare for an eventual reduction in U.S. stimulus even as the Federal Reserve unexpectedly refrained from adjusting policy this week, World Bank Managing Director Sri Mulyani Indrawati said.
President Susilo Bambang Yudhoyono’s surprise choice of Agus Martowardojo to run Indonesia’s central bank met with mixed reactions, with some questioning his record as finance minister and others praising his banking experience.