Updated 11:29 AM EDT, Tue, Jun 16, 2020

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International Monetary Fund (IMF)

Christine Lagarde Convicted of Payout, Acquitted of Jail Punishment

IMF Chief Christine Lagarde Convicted of Payout; No Jail Punishment Handed

International Monetary Fund (IMF) chief Christine Lagarde is convicted of payout to businessman on Monday by French Court yet acquitted for any jail punishment.

China Economy

Housing Market is the Biggest Cash Cow of Chinese Government

In China, real estate is responsible for 15 percent of the country's gross domestic product (GDP), 15 percent of fixed asset investment, 15 percent of urban employment, and 20 percent of all bank loans, according to the International Monetary Fund (IMF).

China Launches AIIB; Rebalances World Economy

China Launches AIIB to Rebalance World Economy

Chinese President Xi Jinping has launched the Asian Infrastructure Investment Bank (AIIB), an international development bank, at a lavish ceremony on Saturday in Beijing.

Mutual Distrust

IMF Breakthrough Seen to Highlight China-US Mutual Distrust

The long-awaited US congressional approval of proposed changes in the governing structure of the International Monetary Fund (IMF) has brought to the forefront of the world stage a simmering rivalry between the China and the US, according to political analysts.

Jin Liqun AIIB President

China Reveals Candidate for AIIB Presidency

The Chinese government announced on Monday that the secretary-general of Asian Infrastructure Investment Bank (AIIB) Jin Liqun is the formost candidate to fill the post of AIIB President.

Yuan, IMF, SDR,

Will the IMF Grant the Renminbi Special Drawing Rights Status?

Since the beginning of the month, a team of experts from the International Monetary Fund (IMF) have been in China to assess whether the yuan should finally be added to the organization's basket of currencies with Special Drawing Rights (SDR). While the government and central bank officials have expressed optimism about the prospects of the renminbi's inclusion, the questions remains about whether the currency will meet the IMF's requirements to be included in its SDR basket this time around.

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