IMF On Chinese Economy

Perth is the capital of Western Australia state, which provided 39% of the world's iron ore last year. Iron ore is one of Australia's most lucrative exports

China had 391 million square meters (4.2 billion square feet) of completed and unsold homes at the end of April, equivalent to 6.6 Manhattans, official data show

The International Monetary Fund currently forecasts China's 2024 real GDP growth at 4.6%, falling to 4.1% in 2025

A Chinese state investment fund has promised to expand its purchases of stock index funds to help markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares logged moderate gains on Tuesday after the announcement by Central Huijin Investment, a Chinese sovereign fund that owns China's state-run banks and other big government-controlled enterprises. The fund has stepped up buying of shares in big state-owned banks and other companies to counter heavy selling pressure in the Chinese markets. On Monday, benchmarks in Shanghai and the smaller market in Shenzhen bounced between small gains and big losses, while share prices of state-run banks and other big companies rose. The move followed warnings by the market regulator of a crackdown on market manipulation, insider trading and other abuses and promises to protect smaller investors who usually account for the majority of trading in Chinese markets. The market watchdog, the China ...

It's also the third straight quarter of decline, the longest run since data on yearly changes were first available in 2016

Pakistan is now looking for a 'Plan B' for averting full fledge eruption of the balance of payment crisis

China's credit-to-GDP ratio is very high by global standards and consistent with a high probability of financial distress, the IMF said