China needs reforms to halt 'significant' growth declines, IMF chief says
The head of the International Monetary Fund warned Monday that China needs structural reforms in order to avoid "a fairly significant decline in growth rates."
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The head of the International Monetary Fund warned Monday that China needs structural reforms in order to avoid "a fairly significant decline in growth rates."
China's largest private property developer, Country Garden, expects the property market will remain weak in 2024 and the company could face more, "severe" challenges, its top management said.
The International Monetary Fund warned that nearly 40% of jobs across the globe could be affected by the rise of artificial intelligence, with high-income economies facing greater risks than emerging markets and low-income countries.
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Taiwan's election results place the island on a "collision course with China" and the market reaction has been too sanguine, according to veteran investor David Roche.
The World Economic Forum is famous for its annual week-long meeting in Davos, Switzerland — so much so, that "WEF" and "Davos" have pretty much become synonymous.
South Africa's legal case accusing Israel of committing genocide against Palestinians in Gaza has "global support," the country's Finance Minister Enoch Godongwana told CNBC Monday.
The majority of economists surveyed by the World Economic Forum expect the global economy to weaken this year, saying that geopolitical fragmentation around the world will deepen.