IMF Warns Trade Restrictions Could Backfire on Initiating Countries
IMF Chief Economist Pierre-Olivier Gourinchas cautions that trade-restrictive measures may distort trade against the countries that implement them.
Global Economy
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China Set to Surpass G7 Combined Growth in Next Five Years: IMF Forecast
China is projected to lead global economic growth over the next five years, surpassing the combined contributions of all G7 nations, according to an IMF forecast reported by Bloomberg.
IMF Projects Steady Global Growth Despite Geopolitical Tensions
IMF projects slow but steady global growth in its World Economic Outlook, highlighting cautious optimism amid geopolitical tensions and the need for collaborative solutions.
Global Economy Faces Challenges, China Emerges as Key Growth Engine
Amid mounting geopolitical tensions and economic uncertainties, China’s robust growth provides critical momentum for global recovery, reinforcing its role as a key engine in the world economy.
Chinese Premier Li Qiang Urges Canton Fair to Bolster China’s High-Level Opening Up
Chinese Premier Li Qiang urges the Canton Fair to expand China’s high-level opening up, promoting an open world economy, and encourages enterprises to innovate and increase global trade engagement.
IMF Predicts Global Economy to Grow Modestly at 3.2% in 2024
According to the IMF’s latest report, the global economy is expected to maintain a steady growth rate of 3.2% in 2024, mirroring this year’s performance and signaling a moderate pace moving forward.
China Voices Concerns Over U.S. Trade Restrictions at High-Level Talks
China expressed concerns over U.S. economic and trade restrictions at a high-level meeting, emphasizing the need for open dialogue and cooperation.
China and U.S. Hold Constructive Talks on Monetary Policy and Financial Stability
China and the U.S. held constructive talks on monetary policy and financial stability in Washington, D.C., signaling a commitment to collaboration amid global economic uncertainties.
China and Germany Strengthen Economic Ties Amid Global Instability
German businesses show robust confidence in China’s market as 91% plan to continue operations and over half intend to increase investments, reinforcing economic ties amid global uncertainties.
Tesla Announces Global Layoffs Exceeding 10% Amid Declining Sales
Tesla plans to lay off over 10% of its global workforce amid declining sales, impacting approximately 14,000 employees. CEO Elon Musk aims to reduce costs and boost productivity as the company prepares for future growth.
Global Leaders Attend China Development Forum to Discuss Future Economic Growth
Global leaders gathered in Beijing for the China Development Forum, where Chinese Premier Li Qiang emphasized commitments to sustainable growth and openness, outlining China’s pivotal priorities for 2024.
ECB Keeps Interest Rates Steady at Record Highs
The European Central Bank has held its key interest rates steady at record highs, signaling a cautious approach amid global economic uncertainties.
Global Trade Set to Rebound by 2.6% in 2024, WTO Reports
The World Trade Organization forecasts a 2.6% rebound in global merchandise trade in 2024 after a contraction in 2023, attributing the growth to easing inflation and rising real incomes boosting consumption.
China and U.S. Strengthen Economic and Financial Communication
China and the United States have agreed to enhance communication on economic and financial issues, aiming to promote balanced growth and stability, with upcoming meetings scheduled in Washington.
Chinese Premier Li Qiang Urges Partnership with U.S. in Meeting with Yellen
Chinese Premier Li Qiang met with U.S. Treasury Secretary Janet Yellen in Beijing, emphasizing that China and the United States should be partners, not adversaries, highlighting the importance of cooperation.
Yellen’s China Visit Aims to Revitalize China-U.S. Economic Ties
U.S. Treasury Secretary Janet Yellen’s visit to China aims to revitalize economic ties between the world’s two largest economies, signaling a commitment to cooperation amid global economic uncertainties.
China-France Economic Ties Deepen, Boosting Global Economic Recovery
China and France deepen economic ties on the 60th anniversary of diplomatic relations, boosting both nations’ economies and contributing to global economic recovery.
U.S. Treasury Secretary Janet Yellen to Visit China from April 4 to 9
U.S. Treasury Secretary Janet Yellen will visit China from April 4 to 9 to engage in high-level economic talks aimed at strengthening bilateral ties and addressing global economic challenges.
Boao Forum 2024: China’s High-Quality Development Sparks Global Growth
At the Boao Forum for Asia 2024, China’s high-quality development is highlighted as a driving force for global economic recovery, offering growth opportunities for Asia and the world.
Global Leaders Seek New Momentum at China Development Forum
Global leaders gathered in Beijing for the China Development Forum on March 24-25, discussing how China’s continuous development offers opportunities and dynamism to the global market. Chinese Premier Li Qiang emphasized commitment to sustainable growth through openness.