The world's finance chiefs spent last week in Bangkok debating the biggest risk facing the global economy — with debt, artificial intelligence and trade imbalances topping the list. Meanwhile, China, long a main risk factor in these discussions, was no longer at the top of the worry list.
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BEIJING — China's exports grew by 36.3% in September from a year ago, their fastest pace since February, according to official data released Wednesday.
BEIJING — High healthcare costs are a big factor driving people in China to save, rather than spend, their money, the International Monetary Fund pointed out in a new book titled "Toward a New Economic Growth Model for China."
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BEIJING — An end is in sight for China's yearslong property market slump, S&P Global Ratings analysts said in a report distributed Thursday.
SINGAPORE — The technology that investors and governments are counting on to lift the global economy is also adding pressure that threatens growth, the head of the International Monetary Fund said, urging policymakers to stop delaying painful choices on debt.
Minneapolis Federal Reserve President Neel Kashkari said Wednesday that price growth remained a concern despite the latest data coming in cooler than economists predicted.
Investors were rattled this week as the benchmark 10-year Treasury yield soared to its highest level since 2007, but sticky inflation is just one of the factors behind this latest surge.
New York Federal Reserve President John Williams said Wednesday that the recent surge in Treasury yields is the product of a strong economy, not market dysfunction.
BEIJING — The U.S. is threatening to cut businesses that help Iran evade sanctions off from the American financial system. It puts China's banks in an uncomfortable position: Beijing can reject the demands, but its biggest lenders still have strong incentives to preserve access to U.S. dollars.