WASHINGTON (Reuters) - The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector ...
WASHINGTON - The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems thatLee's impacts to be felt as the storm tracks into Atlantic Canada this weekend | SaltWireWASHINGTON - The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both...
Georgieva said in an exclusive interview that the messages will be delivered to Chinese authorities in a forthcoming IMF"Article IV" review of China's economic policies. The Fund will strongly urge Beijing to shift its growth model away from debt-fueled infrastructure investment and real estate, she said.
"Our advice to China is use your policy space in a way that helps you shift your growth model towards more domestic consumption," Georgieva said."Because the traditional way of infrastructure, pumping in more money, in this current environment is not going to be productive."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-IMF, World Bank to decide on October Morocco meetings on Monday -GeorgievaBy Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund and World Bank will decide on Monday whether to proceed with their annual ...
Read more »
Exclusive-China asks big banks to stagger and adjust dollar purchasesSHANGHAI (Reuters) - China's central bank has asked some of the country's biggest lenders to refrain from immediately squaring their foreign exchange ...
Read more »
Exclusive-China asks big banks to stagger and adjust dollar purchasesSHANGHAI (Reuters) -China's central bank has asked some of the country's biggest lenders to refrain from immediately squaring their foreign exchange positions in the market, and to run open positions for a while in order to alleviate downside pressure on the yuan, two sources with knowledge the matter said. As part of this informal 'window guidance', banks have been asked not to square their positions in the inter-bank foreign exchange markets after any U.S. dollar sales to clients, until their spot foreign exchange position hits a certain level, the sources said. The move would effectively mean some of the heavy dollar purchases by companies would be absorbed by banks and sit on their books for a while, thus partially reducing downward pressure on the sliding yuan.
Read more »
China's Premier Li will attend China-ASEAN expoBEIJING (Reuters) - China's Premier Li Qiang will attend the China-ASEAN expo in Nanning City, Guangxi on Sept. 17, the foreign ministry said on ...
Read more »
China's Premier Li will attend China-ASEAN expoBEIJING (Reuters) - China's Premier Li Qiang will attend the China-ASEAN expo in Nanning City, Guangxi on Sept. 17, the foreign ministry said on ...
Read more »
IMF and World Bank Meetings to Go Ahead as Planned, Morocco SaysMorocco confirmed that the International Monetary Fund and World Bank annual meetings scheduled to take place next month in Marrakech will go ahead as planned, despite last week’s devastating earthquake near the city.
Read more »