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A report released on Monday stated that that China is likely to grow its economy at the rate of 6.5 percent during this year.

IMF Upgrades China Growth Estimates, Making it the Fastest Growing Large Economy

Jan 21, 2017 01:38 PM EST

The International Monetary Fund (IMF) has raised its forecast for the Chinese economy. A report released on Monday stated that China's economy is expected to grow by 6.5 percent during this year. This estimate is higher than previous estimates by 0.3 percent.

China Looks to Contain Yuan Volatility Amidst Falling Reserves

S. Rina |

Jan 11, 2017 06:45 AM EST

China is planning to contain the fall of its currency value as the country struggles to maintain its reserves. The currency showed the signs of weakness this week as well as The People's Bank of China set the mark on Monday at 0.87 percent lower than last Friday.

The International Monetary Fund (IMF) sounded a note of caution to Pakistan about growing Chinese investments in the country.

IMF Cautions Pakistan About China Investments over Repayment Fears

S. Rina |

Oct 19, 2016 11:20 AM EDT

The International Monetary Fund (IMF) sounded a note of caution to Pakistan about the growing Chinese investments in the country.

Chinese currency Yuan was recently included in coveted Special Drawing Rights (SDR) basket of IMF, making it a global currency.

Yuan Use in Africa to Increase After SDR Basket Inclusion

S. Rina |

Oct 12, 2016 09:02 AM EDT

Chinese currency yuan was recently included in the coveted Special Drawing Rights (SDR) basket of IMF, making it a global currency.

IMF Slashes Global Outlook, Remains Cautious About Chinese Economy

S. Rina |

Oct 05, 2016 05:37 PM EDT

The International Monetary Fund (IMF) has expressed concerns about the global economy, slashing its outlook by 0.1 percent for the year.

Former IMF chief says Chinese economy slowdown may have global repercussions

Chinese Economy Slowdown may have Global Repercussions, Former IMF Chief says

S. Rina |

Sep 28, 2016 06:31 AM EDT

International Monetary Fund former chief economist Ken Rogoffsaid said the slowdown in Chinese economy may have an impact worldwide.

Financial Inequality in India and China.

China and India Have Highest Level of Financial Inequalities in Asia: IMF Report

Girish Shetti |

May 05, 2016 12:50 PM EDT

Despite being among the fastest growing economies, India and China have the highest levels of financial inequalities in Asia, the International Monetary Fund (IMF) has said in a report.

China Presents Buoyant Trade Data, Gives Boost to Dollar and Markets

Rina S. |

Apr 13, 2016 04:30 PM EDT

The world's second largest economy China presented a surprisingly optimistic trade data for the month of March, putting market concerns to a rest. The country showed an11.5 percent increase in its export, while its imports were down by 7.6 percent on dollar basis. The results were even better in CNY terms, where exports showed 18.7 percent increase and imports went down by 1.7 percent.

'Slower, More Stable Growth in China is Good for Everybody' - IMF Chief Lagarde

Carlos Castillo |

Jan 13, 2016 01:02 PM EST

The head of the International Monetary Fund (IMF) has said that slower, more sustainable economic growth in China will be good for the global economy over the long term.

China Will Shape World's Economy in 2016 - Experts

Carlos Castillo |

Dec 28, 2015 09:31 PM EST

"Be not afraid of growing slowly, be afraid only of standing still," goes an old Chinese proverb, and China's economy appears to be holding true to the adage as experts say it will, despite slower growth, continue to be a deciding factor in shaping fiscal policy and the movement of capital throughout the world in 2016.

China's Currency Gets Key Backing From IMF

Elena Garcia |

Nov 15, 2015 01:02 PM EST

The head of the International Monetary Fund, Christine Lagarde, says that she supports the bid to add China's yuan to the organization's exclusive club of the world's top currencies.

Greece Appears Willing to Concede to Creditor's Demand as Country Fails to Repay IMF Loan

Benjie Batanes |

Jul 01, 2015 10:27 AM EDT

Greek Prime Minister Alexis Tsipras has informed his country's creditors of his willingness to agree to most, if not all, their demands as Greece failed to repay its loan to the International Monetary Fund (IMF) due on Tuesday.

China Eyes Inclusion Of Yuan To IMF Basket Of Currencies

Vittorio Hernandez |

Mar 14, 2015 02:10 AM EDT

In the past two years, China's currency, the yuan, achieved two significant milestones. In 2013, it took the euro's place as the second-most used currency in trade finance. In December, the yuan dislodged the Canadian dollar as the fifth-most used currency for international payments.

France Sex Ring Scandal Verdict Out On June 12

Arlene Lim |

Feb 22, 2015 10:54 PM EST

The verdict on the pimping charges against former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn will be handed down on June 12 this year, the court in Lille, France announced after ending the three-week trial on the case.

Four Prostitutes Withdraw Charges Against Dominique Strauss-Kahn

Dino Lirios |

Feb 17, 2015 03:19 AM EST

Four prostitutes involved in the trial against Dominique Strauss-Kahn dropped their charges against him last Monday. Their reason for abandoning the case was that it would be too hard to prove the pimping charge against the former head of the International Monetary Fund (IMF).

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