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China to send lower ranking officials to IMF Tokyo meet; snub to Japan


China‘s delegation to the annual meetings of the IMF and the World Bank in Tokyo will not be led by its most senior finance officials, a report from state news agency Xinhua said on Tuesday, in what looked like a deliberate snub of Japan. According to Chinese protocol, only the most senior officials usually lead … Continue reading

IMF cuts China’s growth forecasts


China‘s economic growth is expected to weaken to 7.8 percent this year, the International Monetary Fund said on Tuesday as it warned of risks to emerging Asia if the euro zone crisis worsens and the United States does not avoid its “fiscal cliff”. However, the IMF said several Asian countries had fiscal room to support … Continue reading

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