News
IMF Urges China to Shift From Exports to Consumption
The head of the International Monetary Fund (IMF) on Dec. 10 urged China to rebalance its economy away from exports and investment toward domestic consumption, warning that the world’s second-largest economy is now too big to rely on foreign demand forRead more https://www.theepochtimes.com/china/imf-urges-china-to-shift-from-exports-to-consumption-5956749
Former IMF Chief Economist Says China’s Currency Is Overvalued
While many economists criticize China’s long-term suppression of the RMB exchange rate and call for further appreciation, former International Monetary Fund (IMF) chief economist Kenneth Rogoff stands out, stating that the RMB is overvalued. “If China were to ‘If It Wasn’t Leaked’: The Secret Pact That Nearly Put Chinese PLA Troops on Australia’s Doorstep
Had news of the 2022 signing of a defence pact between the Solomon Islands and Beijing not been leaked, there would now be Chinese People’s Liberation Army (PLA) troops on the streets of Honiara, off the coast of Australia, says one security analyst.