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News from Emerging Markets
Heads of Russia, China to Discuss Silk Road Economic Belt in May Foreign Minister Wang Yi floated the idea during a meeting in Beijing with his Mongolian counterpart Lundeg Purevsuren. "There is a huge area for cooperation existing between China, Russia and Mongolia.
Private sector analysts expect consumer inflation to remain stable in the next three years, reflecting the improvement of the domestic economy as it becomes more insulated from price swings.
The government is currently drafting a microfinance bill to accommodate a four-layer regulator with the Central Bank (CB) as the national level regulator to regulate microfinance lending.
Since the last month of Q1/2015, credit organisations say the demand for loans has accelerated and may increase most strongly in 2015.
Economists predict in the second quarter of 2015 the economy tends to grow flat. By the second quarter, the economic growth will be sustained by investment, people's consumption and government spending.
Section: Business News - Taiwan's economy will grow 3.7 percent this year as the global economy recovers steadily, the Taiwan Institute of Economic Research (TIER) forecasted on Friday, revising up its prediction by 0.03 percentage points from a previous projection in January.