- China holds off on fresh stimulus but 'confident' will hit growth target
- German suspect in 'Maddie' case faces verdict in sex crimes trial
- Top economic official 'confident' China will hit 2024 growth target
- COP29 fight looms over climate funds for developing world
- Shanghai stocks soar to extend stimulus rally amid Asia-wide drop
- Will Tesla's robotaxi reveal live up to hype?
- 'Invisibility' and quantum computing tipped for physics Nobel
- Oil prices extend gains on Mideast tensions, Wall Street falls
- 'Dark day': Victims mourned around the globe on Oct. 7 anniversary
- Mission to probe smashed asteroid launches despite hurricane
- Oil prices extend gains on Mideast tensions, Wall Street slips
- Europe's asteroid mission Hera launches despite hurricane
- Oil prices extend gains on Mideast tensions, Wall Street retreats
- What is microRNA? Nobel-winning discovery explained
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Asian markets track Wall St rally on US jobs data
- World marks anniversary of Oct. 7 attack on Israel
- Asian markets track Wall St rally on jobs data
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- Tunisia incumbent Saied set to win presidential vote: exit polls
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Two elephants die in flash flooding in northern Thailand
- Tunisia votes with Saied set for re-election
- Too hot by day, Dubai's floodlit beaches are packed at night
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
CMSD | -0.09% | 24.79 | $ | |
CMSC | -0.53% | 24.57 | $ | |
RYCEF | -0.15% | 6.87 | $ | |
NGG | -1.56% | 65.48 | $ | |
GSK | -0.49% | 38.63 | $ | |
RBGPF | 100% | 60.52 | $ | |
SCS | -0.15% | 12.95 | $ | |
BTI | -0.26% | 35.2 | $ | |
AZN | -0.78% | 76.87 | $ | |
RIO | -0.11% | 69.62 | $ | |
BCC | 1.68% | 141.27 | $ | |
JRI | -0.76% | 13.18 | $ | |
VOD | 0.31% | 9.69 | $ | |
BCE | -0.54% | 33.53 | $ | |
RELX | -0.54% | 46.04 | $ | |
BP | 0.78% | 33.14 | $ |
IMF may have to lower China growth forecasts: director
The International Monetary Fund may have to slash its growth forecasts for China, managing director Kristalina Georgieva warned Tuesday, after protests erupted opposing Beijing's strict policies to combat Covid.
"There is indeed the possibility that, in this time of very high uncertainty, we might have to revise these projections down," Georgieva said, referring to the fund's forecasts for China.
In October, the IMF cut its projection for the world's number two economy to 3.2 percent this year as it is weighed down by Covid-zero policies, as well as a slowdown in the property sector.
It projected China's growth would rise to 4.4 percent next year.
Beijing's tough approach involves compelling local governments to impose snap lockdowns and quarantine orders, and limit freedom of movement in response to minor outbreaks.
Demonstrations not seen in decades erupted in major cities at the weekend opposing Covid lockdowns and demanding greater political freedoms.
Georgieva, speaking in Berlin after meeting Chancellor Olaf Scholz and heads of other international financial organisations, said China was "looking into its zero-Covid policy with a perspective to shift to more targeted response to Covid cases".
This was aimed at ensuring "less interruptions to the Chinese economy, and less negative spillover for the rest of the world," she said.
"We have been supportive of looking into what China can do to make its Covid policy more effective for China itself and for its role in the world economy."
M.P.Jacobs--CPN