IMF misreads the dynamics of debt

LI MIN/CHINA DAILY The International Monetary Fund recently said China’s average GDP growth in the next two years is expected to be 6.4 percent- higher than the earlier forecast of 6 percent. But a higher GDP growth is expected because of “the government’s reluctance to rein in ‘dangerous’ levels of debt”, the IMF said while also… Please follow and like us:

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China, Germany eye 3-facet cooperation to link development strategies

BEIJING — As Chinese Premier Li Keqiang kicks off an official visit to Germany from Wednesday, the two countries are set to enhance their digitalization and other cooperation, and promote policy support and company exchanges while linking development strategies. Unveiled in May 2015, the “Made in China 2025” plan helps transform China from a manufacturing giant… Please follow and like us:

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US Supports Fair Trade But Rejects Ban on Protectionism

U.S. Treasury Secretary Steve Mnuchin said the meeting of finance ministers of the G20 countries was a success Saturday despite the ministers not reaching agreement on trade protectionism. “I will leave here confident that my colleagues and I are able to work in partnership to …foster and promote global growth and financial stability,” he said. Citing… Please follow and like us:

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G20 fails to agree on free trade endorsement

Finance ministers from 20 world powers have failed to reach an agreement to endorse free trade and rejection of protectionism in the face of US opposition, according to the communique of the G20 participants. The ministers and central bank chiefs of the G20 countries ended talks in the German town of Baden Baden on Saturday, making… Please follow and like us:

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