The International Monetary Fund said automation displaced more jobs in rich countries than China’s growing productivity. Photo: SCMP

‘China’s rise’ cannot be blamed for regional job losses in developed countries, IMF finds

  • Competition from China is not the primary reason for regional job losses in rich countries, new International Monetary Fund (IMF) research finds
  • Study finds technological advancement is bigger driver of unemployment, undermining populist argument China is stealing manufacturing jobs
Topic |   China economy

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The International Monetary Fund said automation displaced more jobs in rich countries than China’s growing productivity. Photo: SCMP
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IMF chief Kristalina Georgieva says global growth this year is expected to fall to its lowest rate since the start of the decade. Photo: AP

US-China trade war may cost US$700 billion by 2020 in synchronised global slowdown, new IMF chief says

  • Global growth rate this year is expected to slow to lowest rate in a decade, new IMF head Kristalina Georgieva says
  • Global corporate debt at risk of default in event of global downturn would be higher than during global financial crisis, the economist warns
Topic |   US-China trade war

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IMF chief Kristalina Georgieva says global growth this year is expected to fall to its lowest rate since the start of the decade. Photo: AP
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