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COPYRIGHT 2002 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Jan 31, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
KOREA'S HOUSEHOLD DEBT RISES TO US$240 MLN
SEOUL - Household debts increased rapidly since 1997 to 316.3 trillion won (US$240 billion) as of the end of September last year from 211.2 trillion won at the end of 1997, the Korea Institute of Finance said Thursday.
Choi Gong-pil, senior researcher with the institute, said in a report that the rapid increase in household debts could destabilize the financial market.
CHINA'S STEEL MARKET FORECAST TO WEAKEN IN 2002: SETC
BEIJING - The year of 2002 is going to be a hard year for the Chinese iron and steel industry.
Domestic steel consumption growth looks certain to slow along with the overall economy.
INDIAN TARGET OF 1 PCT GLOBAL TRADE SHARE PUSHED BACK: MINISTER
NEW DELHI - Fedeal Commerce Minister Murasoli Maran Wednesday said global economic slowdown has pushed back India's target date by 2 years to 2007 for achieving 1 per cent share of world trade.
While unveiling the Exim policy last year, Maran had indicated that the government proposed to achieve $75 billion annual exports by 2005 to increase its share of world trade from the then 0.6 per cent to 1 per cent.
JAPANESE COMPANY WAGES DROP 1.2% IN 2001
TOKYO - Monthly salaries at...
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