China to lift global growth amid uncertainty, IMF head says
1 year, 8 months ago

China to lift global growth amid uncertainty, IMF head says

China Daily  

Kristalina Georgieva, managing director of the International Monetary Fund, speaks at the China Development Forum 2023 in Beijing on March 26, 2023. China's economy is experiencing a strong rebound that will deliver a welcome lift to the world economy, contributing about one-third of global growth in 2023, said Kristalina Georgieva, managing director of the International Monetary Fund. It is advisable for China to make more policy efforts to raise productivity and rebalance the economy away from investment and toward consumption-driven growth, which will be more durable and helpful to climate goals, Georgieva said at the China Development Forum 2023 in Beijing on Sunday. Response actions taken by policymakers in advanced economies have eased market stress to some extent, but uncertainty remains high and underscores the need for vigilance, she said, adding that the IMF is assessing potential implications for the global economic outlook and financial stability, with a focus on low-income countries with a high level of debt.

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History of this topic

China eases monetary policy stance, vows more fiscal support
2 weeks, 1 day ago

China eases monetary policy stance, vows more fiscal support

Live Mint  

China’s top leaders plan to loosen monetary policy and expand fiscal spending next year, as Beijing braces for a second trade war when Donald Trump takes office next month. The 24-man Politburo led by President Xi Jinping announced it will embrace a “moderately loose” strategy for monetary policy in 2025, marking its first major shift in stance since 2011. The …

China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
2 weeks, 1 day ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

China's economy to sustain recovery in Nov-Dec: NDRC
1 month ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

Xinhua | Updated: 2024-11-19 11:20 BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li …

Asian Stocks Gain on China Recovery, Weaker Dollar: Markets Wrap
1 month, 1 week ago

Asian Stocks Gain on China Recovery, Weaker Dollar: Markets Wrap

Live Mint  

Asian equities climbed, aided by signs of a stabilization in China’s economy and a retreat in the dollar. “The strength of the dollar has obviously taken away some of the returns from emerging markets local currency bonds, but we think the more attractive opportunity at this point is in the hard currency aspect of emerging markets,” Niaz said, referring to …

Incremental Policies Boost China's Economic Growth
Trending News
1 month, 3 weeks ago

Incremental Policies Boost China's Economic Growth

China Daily  

China's economy is showing steady growth, with trade volume and GDP growth reaching record highs. The country's incremental policies are further boosting growth potential, spurring consumption and investment. International financial institutions are optimistic about China's future growth prospects, with Goldman Sachs and J.P. Morgan raising their forecasts for the year. The vitality of the Chinese economy also comes from its …

Incremental Policies Boost China's Economic Growth
Trending News
1 month, 3 weeks ago

Incremental Policies Boost China's Economic Growth

China Daily  

China's economy is showing signs of continued growth, with trade volume and GDP growth reaching record highs. The recent package of incremental policies is further unlocking growth potential and boosting confidence in the country's development. International financial institutions are also raising their forecasts for China's economic growth this year.

China's Economic Stability: A Steady Beacon Amid Global Uncertainty
1 month, 3 weeks ago

China's Economic Stability: A Steady Beacon Amid Global Uncertainty

China Daily  

China's economy remains a stabilizing force in the global economy, despite the challenges of global geopolitical rivalries and rising government debt. The country's structural reforms and high-quality development strategies have contributed to its stability and growth. China's commitment to high-quality development and its willingness to engage in global trade and cooperation remain crucial for maintaining its economic prosperity and stability …

IMF Chief: Shift to Domestic Consumption-Led Growth for China
Trending News
1 month, 4 weeks ago

IMF Chief: Shift to Domestic Consumption-Led Growth for China

China Daily  

IMF Managing Director Kristalina Georgieva emphasizes the importance of boosting domestic consumption in China to achieve sustainable growth. She believes that China's reliance on exports has led to a decline in consumer confidence, which is a major obstacle to growth. The IMF projects China's GDP to grow by 4.8 percent in 2024 and 4.5 percent in 2025, down from its …

IMF Chief: Shift to Domestic Consumption-Led Growth for China to Propel Growth
1 month, 4 weeks ago

IMF Chief: Shift to Domestic Consumption-Led Growth for China to Propel Growth

China Daily  

IMF Managing Director Kristalina Georgieva emphasizes the importance of boosting domestic consumption in China to achieve sustainable growth. She believes that China's reliance on exports has led to a slowdown in consumer confidence, which is hindering economic activity. Georgieva suggests that China focus on stimulating domestic consumption through measures such as social security and pension reforms, which would give people …

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections
2 months ago

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections

China Daily  

The International Monetary Fund (IMF) has downgraded its global growth projections for 2024, with a revised forecast of 3.2 percent for this year and 4.5 percent for 2025. The IMF warns about the global economic outlook, highlighting geopolitical risks, trade protectionism, and challenges in the real estate sector.

China's Economic Turnaround: A Positive Step but Structural Issues Remain
2 months, 1 week ago

China's Economic Turnaround: A Positive Step but Structural Issues Remain

Hindustan Times  

China's economy is showing signs of a turnaround, with the latest round of stimulus measures expected to boost growth. The bank upgrades its forecasts for 2024 and 2025, with an upgraded growth forecast for next year to 4.7%. Despite the positive outlook, Goldman Sachs cautions that structural issues such as demographics and debt remain and pose challenges beyond 2026.

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?
2 months, 1 week ago

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?

Bloomberg  

China’s economic growth target of 5% this year is looking ambitious, given sluggish consumer spending, an uncertain outlook for the country’s exports and a still shaky property market. Fewer than a fifth of economists surveyed by Bloomberg Terminal Bloomberg were predicting gross domestic product would expand by 5% in 2024, as analysts at lenders such as Bank of America Corp. …

Chinese economic collapse not happening
3 months, 3 weeks ago

Chinese economic collapse not happening

China Daily  

SHI YU/CHINA DAILY True, China's current annual rate of economic growth of about 5 percent is low compared with its growth from 1980 to 2010, when it averaged nearly 10 percent. In spite of what a 5 percent economic growth means in the global context, it has become fashionable in the West to raise the alarm over China's economy. However, …

Chinese economic collapse not happening
3 months, 3 weeks ago

Chinese economic collapse not happening

China Daily  

SHI YU/CHINA DAILY True, China's current annual rate of economic growth of about 5 percent is low compared with its growth from 1980 to 2010, when it averaged nearly 10 percent. In spite of what a 5 percent economic growth means in the global context, it has become fashionable in the West to raise the alarm over China's economy. However, …

China's growth helps bolster global economic recovery in H1
3 months, 4 weeks ago

China's growth helps bolster global economic recovery in H1

China Daily  

Photo taken on July 29, 2024 shows the US Treasury Building in Washington, D.C., the United States. MULTIPLE CHALLENGES WEIGH ON GROWTH According to the latest reports from the IMF and the World Bank, global economic growth is projected to inch forward to 3.2 percent and 2.6 percent respectively this year, with both forecasts suggesting a marginal 0.1 percentage point …

China on track to reach economic growth goal
4 months ago

China on track to reach economic growth goal

China Daily  

Xu Hongcai, deputy director of the China Association of Policy Science's Economic Policy Committee delivers a speech at a news conference held in Beijing, on Tuesday. China is well poised to achieve its economic growth goal of about 5 percent this year, as the country continues to boost domestic demand, a senior expert said on Tuesday. Xu also said insufficient …

China's factory output disappoints, dashing hopes for speedy recovery
4 months, 1 week ago

China's factory output disappoints, dashing hopes for speedy recovery

The Hindu  

China's factory output growth slowed and missed expectations in July, adding to a series of indicators that show the world's second-largest economy is struggling to kick into a higher gear, even with recent government support. "The data shows that the economy has gotten off to a weak start in the second half of the year, and it is expected that …

IMF praises China for its resilient growth
4 months, 2 weeks ago

IMF praises China for its resilient growth

China Daily  

The International Monetary Fund welcomes China's "resilient economic growth and the post-pandemic recovery in private consumption", according to a new report. Driven by China's strong economic data from the first quarter, the IMF increased its forecast for the nation's annual economic growth to 5 percent this year, an upward revision of 0.4 percentage points compared with the projections released in …

China's appeal belies business exodus: China Daily editorial
5 months ago

China's appeal belies business exodus: China Daily editorial

China Daily  

Given the rising geopolitical tensions between China and the United States, and the "de-risking" strategy being pushed ahead by some Western countries to reduce dependence on China in terms of technologies and trade, it is not surprising that reports about foreign businesses cutting investment or shifting production out of China should have emerged. Yet it is the foreign business communities …

Responsive economic policies have mitigated risks and shock waves
5 months ago

Responsive economic policies have mitigated risks and shock waves

China Daily  

The skyline of Beijing. The IMF, as well as other international institutions such as Morgan Stanley, Goldman Sachs and UBS, all raised their forecast for China's economic growth this year, mainly because of the overall performance of the Chinese economy in the first half of the year and the effectiveness it has displayed in preventing and resolving risks. Since March, …

China's economic performance resilient amid challenges
5 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

Strong consumption, exports spur IMF's brighter outlook for nation
5 months ago

Strong consumption, exports spur IMF's brighter outlook for nation

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. Jean-Marc Natal, deputy chief of the World Economic Studies Division at IMF's Research Department, said at the briefing that one of the reasons for the upward revision "is that we expect that the new …

China's economic performance resilient amid challenges
5 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

IMF boosts China's growth outlook to 5 percent for year
5 months, 1 week ago

IMF boosts China's growth outlook to 5 percent for year

China Daily  

Workers assemble doors for new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. The International Monetary Fund raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook Update released on Tuesday. Pierre-Olivier Gourinchas, the IMF's …

China's new development means opportunities for world
6 months ago

China's new development means opportunities for world

China Daily  

Tourists visit a cultural block in Xiangyang, central China's Hubei province, June 10, 2024. Recently, the World Bank raised its forecast for China's 2024 economic growth to 4.8 percent, 0.3 percentage points higher from the previous forecast. The International Monetary Fund also revised up China's economic outlook to 5 percent, 0.4 percentage points higher than the previous forecast. In the …

Policy and resilience raise confidence in stable economic growth this year
6 months, 3 weeks ago

Policy and resilience raise confidence in stable economic growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The International Monetary Fund has raised its forecast for China's economic growth for 2024 to 5.0 percent from the previous 4.6 percent. The IMF also raised its forecast for China's economic growth to 4.5 percent for next year, up 0.4 percentage points compared with its April projection. …

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
6 months, 3 weeks ago

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth

Associated Press  

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector. …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Employees work on the production line of a tractor manufacturer in Luoyang, Henan province. ZHANG YIXI/FOR CHINA DAILY "I think the economy is stabilizing," said Ben Simpfendorfer, a partner at consultancy Oliver Wyman. He said China's economy still enjoys favorable conditions and factors, given a potential soft landing of the US economy and the stronger growth in the global economy. …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

An employee works on the production line of a textile plant in Fuyang, Anhui province. Erik Berglof, chief economist of the Asian Infrastructure Investment Bank, said: "China has been and will remain an important contributor to global growth in the foreseeable future. A meeting of the Political Bureau of the Communist Party of China Central Committee in April said the …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Employees work on the production line of a tractor manufacturer in Luoyang, Henan province. ZHANG YIXI/FOR CHINA DAILY "I think the economy is stabilizing," said Ben Simpfendorfer, a partner at consultancy Oliver Wyman. He said China's economy still enjoys favorable conditions and factors, given a potential soft landing of the US economy and the stronger growth in the global economy. …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

An employee works on the production line of a textile plant in Fuyang, Anhui province. Erik Berglof, chief economist of the Asian Infrastructure Investment Bank, said: "China has been and will remain an important contributor to global growth in the foreseeable future. A meeting of the Political Bureau of the Communist Party of China Central Committee in April said the …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Data show general upward growth trend holds firm
8 months ago

Data show general upward growth trend holds firm

China Daily  

The skyline of Beijing. A comprehensive analysis of the first quarter data shows that more indicators reflect the general trend of high-quality economic development. For example, investment in high-tech industries increased by 11.4 percent year-on-year, 2 percentage points higher than that from January to February, and 6.9 percentage points higher than all investment; the added value of industries such as …

Debt, fiscal challenges facing low-income countries worry IMF
8 months ago

Debt, fiscal challenges facing low-income countries worry IMF

The Hindu  

Shareholders of the International Monetary Fund agreed on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on April 19. Impact of high debt levels on low-income countries Ms. Georgieva, in a meeting of the Global Sovereign Debt Roundtable hosted by the IMF and the World …

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
8 months ago

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

Associated Press  

WASHINGTON — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,’' including stubborn inflation and rising levels of government debt. In the United States, she said, “the flipside’’ of …

IMF: Outlook for world economy is brighter, though still modest by historical standards
8 months, 1 week ago

IMF: Outlook for world economy is brighter, though still modest by historical standards

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. In its latest outlook, the IMF, a 190-country lending organization, notes that the global expansion is being powered by unexpectedly strong …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
8 months, 1 week ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

Associated Press  

WASHINGTON — Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ -– …

Economist predicts further upswing for economy
8 months, 2 weeks ago

Economist predicts further upswing for economy

China Daily  

China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist. Huang Yiping, dean of Peking University's National School of Development, told China Daily in an exclusive interview that the nation's economy is relatively stable, with better-than-expected …

US’s Yellen warns China it cannot export its way to rapid growth
8 months, 2 weeks ago

US’s Yellen warns China it cannot export its way to rapid growth

Al Jazeera  

US treasury secretary says market-based reforms will aid world’s second largest economy. United States Treasury Secretary Janet Yellen has warned that China is too large to try to export its way to rapid growth and would benefit by reducing excess industrial capacity that is pressuring other economies. The International Monetary Fund currently forecasts China’s 2024 real gross domestic product growth …

Experts see signs of recovery in economy
8 months, 3 weeks ago

Experts see signs of recovery in economy

China Daily  

Participants discuss the outlook for the Chinese economy during the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday. FENG YONGBIN/CHINA DAILY China's economy is showing signs of steady recovery with effective measures to boost domestic demand and tackle structural issues, participants attending the Boao Forum for Asia Annual Conference 2024 said on Thursday. Citing some …

China's high-quality growth pillar for Asia's sustainable development
8 months, 3 weeks ago

China's high-quality growth pillar for Asia's sustainable development

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. As the global economic recovery remains weak, and the international situation is complicated and intertwined, the world economy has experienced, what the World Bank calls, "five of its slowest years of growth in 30 years". More important, in the face of rising trade protectionism and economic …

China’s Xi meets foreign business leaders amid jitters over economy
8 months, 3 weeks ago

China’s Xi meets foreign business leaders amid jitters over economy

Al Jazeera  

Meeting comes as Beijing seeks to woo foreign investment after a challenging few years for world’s No 2 economy. Taipei, Taiwan – Chinese President Xi Jinping met with American business leaders and academics at Beijing’s Great Hall of the People, state media has reported, as he tries to woo foreign investment back to China after a challenging few years for …

Key takeaways from China Development Forum 2024
8 months, 4 weeks ago

Key takeaways from China Development Forum 2024

China Daily  

BEIJING - Themed "The Continuous Development of China," the China Development Forum 2024 concluded on Monday, with senior Chinese officials, leaders of multinationals and representatives from international organizations, offering insights into China's development and its global impact. MAJOR CONTRIBUTOR TO GLOBAL GROWTH "In the medium-term, China will continue to be a key contributor to global economic growth," said Kristalina Georgieva, …

StanChart bullish on China's growth outlook
8 months, 4 weeks ago

StanChart bullish on China's growth outlook

China Daily  

Customers are seen at a Standard Chartered bank branch in Shanghai. Standard Chartered PLC is very sanguine on China's economic outlook over the medium to long term, while some downsides such as the sluggish property market are short-term and "normal" phenomena amid the country's ongoing economic transformation and upgrades, said Bill Winters, CEO of the financial major. "We agree that …

StanChart bullish on China's growth outlook
8 months, 4 weeks ago

StanChart bullish on China's growth outlook

China Daily  

Customers are seen at a Standard Chartered bank branch in Shanghai. Standard Chartered PLC is very sanguine on China's economic outlook over the medium to long term, while some downsides such as the sluggish property market are short-term and "normal" phenomena amid the country's ongoing economic transformation and upgrades, said Bill Winters, CEO of the financial major. "We agree that …

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