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Kremlin spokesman Dmitry Peskov said the nation was on the brink of collapse after unprecedented sanctions following Russia’s invasion of Ukraine last year.
Argentina has elected an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty.
To hold the president and the other officials criminally responsible, criminal cases have to be filed and proof of criminal actions are required.
IMF managing director Kristalina Georgieva says CBDCs can replace cash and improve financial inclusion in places where few hold bank accounts.
Beijing sends out officials to counter this ‘peak status’ perception, acknowledging short-term problems but framing long-term economic growth as inexorable.
US does not intend to decouple its economy from China’s, Yellen says, while highlighting need to maintain ‘resilient lines of communication’.
China has come under pressure to offer more relief to heavily indebted nations amid allegations from other countries that it has engaged in ‘debt-trap diplomacy’.
The optimism of these firms aligns with Premier Li Qiang’s statement at the opening of the CIIE that consumer vigour on the mainland could boost the global economy
China is set to achieve its economic growth target of ‘around 5 per cent’ this year, but there is still uncertainty over new methods to stabilise growth, Chinese officials and government advisers say.
Standard Chartered ‘remains committed to investing in China’, country head Jerry Zhang says, pointing to strong third-quarter economic data
International Monetary Fund (IMF) revises up China’s gross domestic product growth rate forecasts for 2023 and 2024, but warns that continued weakness in the property sector and subdued external demand would continue to slow growth.
Finance chief also says external factors, such as high interest rates and financial market performance, have constrained strength of rebound in local consumption.
Scepticism towards Beijing and expanded Brics bloc would mark government of far-right opposition politician, says potential foreign minister.
The airline has accumulated billions of dollars in losses and liabilities, which the current caretaker government says it can no longer fund, and cannot buy fuel.
Soft power push by Beijing sends delegation including former NBA star Yao Ming to New York ahead of likely meeting between Xi Jinping and Joe Biden.
Beijing the largest bilateral official lender to countries in Africa but share in sub-Saharan overall sovereign debt still relatively small, according to report.
Argentina’s election will be settled in a presidential run-off on November 19. The winner will take office on December 10.
The hits could keep coming for local government coffers across China as debt-repayment pressure mounts after years of hefty spending on low-return infrastructure projects.
The superpower knows it ‘will have to learn how to moderate and adjust’ as it develops its ambitions, Deputy PM Lawrence Wong, said during a trip to the US.
International Monetary Fund cut China’s economic growth forecasts for 2023 and 2024 in its ‘World Economic Outlook’ on Tuesday, while revising up its estimates for the US economy.
The latest financial stability report by the IMF suggests that China’s economy could be facing even more dire straits, and a ‘sharp repricing of assets’ is possible.