Slow Growth Rate
China's PDD suffers $55 bn market cap wipeout on uncertainties in market
The e-commerce retailer operates discount-focused platforms Pinduoduo in China and Temu for the international market
 "China's PDD suffers $55 bn market cap wipeout on uncertainties in market")
China central bank adviser calls for greater stimulus, inflation target
China should quicken fiscal spending and policymakers should shift their stance from prioritising investment over consumption, said Huang
 "China central bank adviser calls for greater stimulus, inflation target")
Core sector growth slows to 6.3% in May due to output deceleration
For the first two months of this financial year, growth in the output of the core industries stood at 6.5%
 "Core sector growth slows to 6.3% in May due to output deceleration")
Global banking is a bright spot
The world's financial system faces an intimidating set of challenges, but the lessons of the global financial crisis are holding banks in good stead
 "Global banking is a bright spot")
Citing Russia's war, IMF cuts global growth forecast to 3.6%
The war and the darkening outlook came just as the global economy appeared to be shaking off the impact of the highly infectious omicron variant
 "Citing Russia's war, IMF cuts global growth forecast to 3.6%")
Export growth: Slow GST refunds, volatile currency may hit Feb numbers, too
Slow GST refunds and low growth in labour-intensive sectors, besides a volatile currency, could pull back India's export growth in February, data for which are set to be released later today
 "Export growth: Slow GST refunds, volatile currency may hit Feb numbers, too")
