China's economy hardly falling off a cliff, but troubles are mounting


In tandem with the cuts, the central bank said it would no longer set a ceiling on the rates that banks may pay depositors.HONG KONG: As China confronts a persistent slowdown in growth, its government moved to pump more money into the economy, stimulus measures that could create other challenges for the country.

Chinese officials on Friday mostly followed a well-worn playbook, putting in effect a number of measures designed to help lower corporate borrowing costs. The central bank cut interest rates for the sixth time in less than a year, and it freed up banks to lend more money for the fourth time sin .. 


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As tensions play out at home, powerful Pakistani general heads to US for talks

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ISLAMABAD:  Days before Pakistan’s powerful army chief was due to visit Washington for talks on regional stability and fighting militancy, General Raheel Sharif engaged in thinly veiled criticism of the nuclear-armed country’s civilian government. A terse statement from the army’s PR wing underlined the tension between Pakistan’s military and its civilian government, just as the United States prepares to receive Sharif weeks after the prime minister held talks there. After top generals met to review a major crackdown on extremists, the Pakistani military said it would be “undermined” if the government did not take “matching governance initiatives”. That was taken to mean police reform, action on militant financing and better governance of restive tribal areas. “He (Sharif) is foreign minister, prime minister, president and army chief all rolled into one,” said a Pakistani newspaper editor, while also questioning the military’s motives. “His greatest achievement is that he ha
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