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The International Monetary Fund estimates that China's economic growth rate will reach 10% this year

China News Agency, Washington, April 21--The International Monetary Fund 21st estimated that the economy will grow by 10% per cent this year and 9.9% per cent next year.  The International Monetary Fund released its biannual World Economic Outlook report, which assesses the growth of the global economy this year and forecasts economic growth in major economies such as China, the US, the eurozone and Japan. China remains the brightest star in the International Monetary Fund's projected global economic list. In its report, the group maintained its January GDP growth in 2010 ...

IMF President: Global economy recovers in first half of next year

The specific situation depends on the effectiveness of national stimulus plan according to the Xinhua news agency Cote Divoire, the International Monetary Fund's chief executive, Dominique Strauss-Kahn, 27th, said that despite some signs of recovery in the world economy, the International Monetary Fund still believes the global economy will not recover until the first half of 2010.  Mr. Strauss-Kahn said in a media interview in Cote Divoire Economic capital Abidjan that even now some countries and regions may have signs of economic recovery, but the high unemployment rate in some countries is still "very worrying", he himself does not think the global economic recovery will come early. Kahn Table ...

Mr Yam says the renminbi is conditionally developed into a third international currency

Xinhua Beijing, December 18, according to Hong Kong media reports, the former chief executive of the Hong Kong Monetary Authority, Mr Joseph Yam, said the renminbi conditionally developed into the United States dollar and the euro outside the third international currency, and Hong Kong is the renminbi to develop the best Test venue for the offshore market.  Speaking at a financial forum in Beijing, Mr Yam said the international monetary system has been dominated by the dollar and the euro, but the two currencies have become less healthy after the financial tsunami, and he thinks the world needs a third international currency, assuming that the renminbi can play that role because of his confidence in China's economic size and macroeconomic policies. Mr Yam also said that the renminbi ...

China's property fundamentals strong to curb asset bubbles, IMF says

December 15 Afternoon News According to foreign media reports of the IMF Permanent Representative of China Vivek Aurora pointed out that China's real estate market fundamentals are strong, which curbed the risk of asset bubbles formation. Vivek Aurora, a Permanent Representative of the International Monetary Fund to China, said in a Bloomberg interview 14th that China's real estate prices have been rising after a long decline, and that affordability has been improving, so for low-cost housing, their prices have fallen relative to household incomes, And the government is providing support in the area of affordable housing ...

IMF chief says he is working with all parties to reduce Haiti's foreign debt

BEIJING, January 21, the International Monetary Fund, the president of Strauss-Kahn January 20 in Hong Kong, China to attend the Asian Financial Forum on the issue of aid to Haiti, said the fund is currently working with the parties to work to reduce Haiti's foreign debt, including the organization announced in the aftermath of the earthquake to provide Haiti with 100 million U.S. According to the United Nations website News Center, Strauss-Kahn said 20th that after the earthquake in Haiti, the Fund hopes to provide Haiti with funds as soon as possible, and the process of approving loans is much faster than the grant, so the organization decided to provide Haiti with 100 million U.S. dollars first ...

IMF proposes countries to share climate change response funds

Nairobi, March 8 (Xinhua) International Monetary Fund (IMF) chief Dominique Strauss-Kahn said in Nairobi 8th that countries could pay for climate change by the amount of IMF share. Mr. Strauss-Kahn said the same day, in order to raise funds to deal with global climate change, countries can be similar to the IMF share system to recognize the funds. The IMF currently has 185 Member States, and countries are paying as much as they share.  Mr Strauss-Kahn believes that this method of financing is more efficient than other methods. "We all know that [through carbon tariffs and other methods of financing] will be time-consuming," said Strauss-Kahn.

Brazil to raise loan quotas for new loans to set veto

Brasilia, November 25 (Xinhua) The Brazilian Ministry of Finance announced 25th that its loan quota in the International Monetary Fund's "New loan Arrangement" (NAB) will increase from $10 billion trillion to $14 billion trillion. Brazilian Finance minister Guido said the same day that Brazil would be given the same veto power in the "new lending arrangements" as the other three members of the BRIC group, China, India and Russia. The "New loan arrangement" is a loan agreement between the International Monetary Fund (IMF) aimed at increasing the loan resources for the Organization's members in order to be in gold ...

The IMF expects South Korea's per capita income to exceed 30,000 Neinian in recent years

Xinhua Seoul May 6, the International Monetary Fund (IMF) 6th issued a report that the economic growth is weak and inflation upward pressure constraints, South Korea per capita income in five years it is difficult to break through the 30,000 dollar mark. The report argues that South Korea's future economic growth may be weak, coupled with South Korea is now under the pressure of higher prices, which will be a constraint on South Korea's per capita national income to break 30,000 of the main factor. The IMF predicts that South Korea's consumer prices for 2013 to 2015 will grow at an annual rate of 3% per cent, the fastest pace in all the countries covered by the report. ...

IMF chief Dominique Strauss-Kahn warns the exit mechanism must be cautious

Davos, Switzerland, January 30 (Xinhua Chen Wenxian Liu Guoyuan) International Monetary Fund president Dominique Strauss-Kahn issued a warning here 30th that governments must be cautious in withdrawing economic stimulus measures. "If we quit too late, public-sector debt would be high and if we quit too early, we would be at risk of a double-dip recession," he said at a seminar on the day entitled "The Global Economic outlook".  "He thinks the Double-dip recession is less likely," but there is such a risk. Mr Strauss-Kahn said the global economic recovery and growth momentum was better than expected, but in large part ...

IMF: Ensuring fiscal sustainability is a top priority for developed countries

Xinhua Washington, March 1 (Xinhua Liu Hongliulina) The International Monetary Fund (IMF) 1st released a report, said that ensuring fiscal sustainability is a top priority for many developed countries. The report, submitted to a meeting of the 20 ministers of Finance and central bank governors in South Korea, said developed countries should tighten fiscal discipline and develop medium-term fiscal plans to reduce excessive debt as a percentage of gross domestic product.  The report warns that without effective measures, some developed countries ' finances will be unsustainable and their economic growth prospects will be bleak. For the ...

Greece accepts 24 billion euro austerity plan

April 30 morning, according to foreign media reports, according to people familiar with the matter, Greece has agreed to accept the 24 billion euro austerity plan, in exchange for the euro zone and the International Monetary Fund (IMF) tens of billions of euros of loans.  The draft includes a three-year freeze on wages for public sector workers. A senior government official said the final details of the measure were still being finalised, the FT wrote.  The austerity measures plan to reduce the budget deficit by 10%-11% per cent of gross domestic product over the next three years. Greek Government and im ...

Interest rate hike sensitive nerves were again touched

Shenzhen Special Zone reported April 24 is Saturday, but within this day, three central bank officials said three words, again triggered the market speculation about interest rates. First, Zhou Xiaochuan, the governor of the People's Bank of China, said in Washington that it would closely monitor price movements and manage inflationary expectations, and that the new central bank's Monetary policy committee, Mr Li, said in Beijing that the biggest economic problem in China is that asset prices have risen too fast; Finally, deputy Inspector Reed of the  The current central bank is more likely to take interest rates. Zhou Xiaochuan was at the meeting of the International Monetary and Financial Committee ...

Whether the renminbi can withstand international pressure

With Barack Obama's first official visit to China, the fate of the renminbi has again become the focus of the international monetary market.  Since the Chinese central bank changed the wording of a key monetary policy statement last week, the market has been speculating about whether and when the Chinese government will allow the renminbi to appreciate. The change in wording is significant because the Chinese government, which tightly controls the value of the renminbi, has maintained exchange rate stability since last summer. The effect of the wording change is also immediate: over the past few days, expectations of a revaluation of the renminbi against the dollar have risen to its highest level in a year ...

The IMF predicts the world economy is beginning to emerge from recession

Reporter: Liu Hongliulina Washington International Monetary Fund 8th, the World Economic Outlook Update report predicts that the world economy is beginning to emerge from the worst recession since the Second World War, but the recovery will be slow and weak.  The world economy is stabilising, thanks to unprecedented macroeconomic and financial policy support, and the world economy is expected to shrink by 1.4% this year, slightly worse than the 1.3% forecast for April this year, and a 2.5% per cent increase in the world economy next year, 0.6% from April. The report also predicted that the U.S. economy today ...

PwC report predicts China's economy to exceed us in 10 years

London, January 20 (Xinhua) China will overtake the US as the world's largest economy in 2020 years, the report predicts 20th. According to PwC, the world's top ten economies will be ranked by 2030: China, the US, India, Japan, Brazil, Russia, Germany, Mexico, France and the UK.  According to the 2008 data of the International Monetary Fund, the world's top ten economies are: The United States, Japan, China, Germany, France, Britain, Italy, Russia, Spain, Brazil. ...

IMF President: Renminbi still undervalued

On the morning of January 20, the International Monetary Fund's president, Dominique-Kahn, said in Hong Kong today that with the rise of China's economy, the renminbi will play a more important role in the future, but its value is still undervalued. Dominique-Kahn, the IMF's president, said in Hong Kong's Asian Financial Forum today that the appreciation of the renminbi is an inevitable trend as China's economy grows and the future plays a more important role in the world economy. Strauss-Kahn said: "The RMB is e.g. un ...

Russia warms up BRICS summit to buy IMF bonds

In the run-up to the first BRICS summit next week, Brazil and Russia said in Wednesday that they would buy 10 billion of billions of dollars in new securities from the International Monetary Fund, and Russia planned to dump US Treasuries.  The US dollar index fell to 79.483 per cent on the day, with 10-year Treasury yields rising to a new high of nearly 4% per cent in the year. "With more opportunities to use other investment instruments and a clearer picture of foreign banks, we plan to gradually reduce our holdings of US Treasuries," he said. Alexei Ulyukayev, deputy governor of the Russian Central Bank, also stressed that the Russians ...

The IMF: The dollar's share of global currency reserves has fallen to 10-year lows.

In the morning of December 31, according to foreign media reports, the International Monetary Fund (IMF) Beijing time in early Thursday said that in the third quarter of this year, the dollar in the global monetary reserves fell to a 10-year low, while the proportion of the euro rose to a record high.  As of September 30, the dollar's share of the global currency reserves fell to 61.6%, the second quarter was 62.8%, the third quarter was 64.5%, while the euro rose from 27.4% to 27.7%, the IMF said. In addition, the proportion of sterling reserves to the total allocated reserves by the second quarter of ...

Experts interpret how China's reduction will stir up big waves

In January 2009, China's holdings of US Treasuries amounted to $736.9 billion trillion, ranking first in the total holdings of U.S. Treasuries. Of China's huge foreign-exchange reserves, just 4.4 billion dollars is drop. However, the reduction of the lifting has aroused widespread concern. Why has China been reducing its holdings of U.S. Treasury bonds before?  What does this mean? Reduction does not represent the trend "at present our country is still holding the most U.S. Treasury bonds outside the United States, the reduction of a few 4.4 billion U.S. Treasury bonds will not affect the future trend of our further increase in US Treasuries." Finance Institute of the Ministry of Finance ...

Three years lending € 80 billion euro EU out of hand to rescue Greece

Wen/yang (ph. D., Department of Finance and Accounting, British Imperial University, UK) April 27--International standards and Poole downgraded Greek sovereign debt to junk, and stock markets around the world were hit and lower.  Then standard Poole downgraded Portugal and Spain, fearing that the Greek financial crisis could spread across Europe and that the euro fell against the dollar. With interest rates on Greek government bonds soaring and 2-year bonds at 20% per cent, the Greek government is unlikely to raise money from financial markets. The European Union and the international currency ...

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