China’s total primary energy consumption is expected to have reached 4.36 billion tonnes of coal equivalent in 2016, up 1.4% compared to last year, the official Xinhua news agency said on Wednesday. China’s total non-fossil fuel consumption rose to 13.3% of the total this year. Source: China Economic Review
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Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
Germany wants China to create a fairer business environment for foreign companies, especially German carmakers seeking to tap into Beijing’s drive for greener cars. German companies have long complained of obstacles to investment and acquiring local firms in China. Source: Reuters
Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, according to the New York Federal Reserve’s quarterly report released Thursday. The figure represents a $226 billion increase in household debt for the fourth quarter, the largest quarterly increase since 2013. Source: CNBC