Explore

IMF Urges China to Shift Economic Focus to Domestic Consumption Amid Global Trade Tensions

IMF Urges China to Shift Economic Focus to Domestic Consumption Amid Global Trade Tensions

The International Monetary Fund (IMF) has called on China to accelerate its transition from an export-driven economy to one that is more reliant on domestic consumption. This recommendation comes as the IMF upgraded China's growth forecast for 2025 to 5% and for 2026 to 4.5%, citing strong exports and domestic stimulus. IMF Managing Director Kristalina Georgieva emphasized the need for China to reduce its dependence on exports to avoid exacerbating global trade tensions. The IMF's advice is set against a backdrop of increasing trade tensions between China and other major economies, including the United States and Europe. China's trade surplus has reached a record high, and its consumer spending remains subdued due to a real estate slump affecting household sentiment.

Analysis-How China Inc is marching into Vietnam amid US tariffs

Analysis-How China Inc is marching into Vietnam amid US tariffs

By Francesco Guarascio HANOI, Dec 10 (Reuters) - Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of U.S. calls for decoupling, as the Communist neighbours beef up ties.

IMF urges China to address economic imbalances as trade surplus hits $1 trillion

IMF urges China to address economic imbalances as trade surplus hits $1 trillion

The head of the International Monetary Fund has urged China to fix its economic imbalances, echoing longstanding calls for the world's second-largest economy to rely more on domestic spending and investment instead of exports

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged China to accelerate its shift from an export-driven growth model to one that relies more on domestic consumption. Speaking in Beijing, Georgieva emphasized that as the world's second-largest economy, China's continued dependence on exports could exacerbate global trade tensions. She highlighted the need for China to implement its long-standing plan to boost domestic consumption, which would benefit both China and the global economy. The IMF has also raised its forecast for China's economic growth next year to 4.5%, citing domestic stimulus and lower-than-expected tariffs. Georgieva's comments come amid heightened trade tensions between China and the U.S., as well as concerns from Europe and Mexico over the influx of Chinese goods.

China and Brazil create joint space laboratory, despite US pressure

China and Brazil create joint space laboratory, despite US pressure

By Eduardo Baptista BEIJING, Dec 10 (Reuters) - China and Brazil have begun building a joint laboratory for space technologies, Chinese state-owned defence electronics firm CETC said, deepening scientific ties as the two countries push ahead with a major telescope project in South America.

Chinese Premier Highlights Economic Impact of US Tariffs Amid Surplus Growth

Chinese Premier Highlights Economic Impact of US Tariffs Amid Surplus Growth

Chinese Premier Li Qiang has expressed concerns over the negative impact of higher tariffs on the global economy, as China's trade surplus surpasses $1 trillion. Speaking at a forum in Beijing attended by representatives from the International Monetary Fund, World Bank, and World Trade Organization, Li emphasized the damaging effects of tariffs, which have been increasingly imposed worldwide. Although President Trump's tariffs have reduced Chinese exports to the U.S., China has compensated with increased exports to other markets. Despite a 29% drop in exports to the U.S. in November, China's overall exports rose by 5.9% compared to the previous year. The trade friction between China and the U.S. has eased following a meeting between Trump and Chinese President Xi Jinping, where both sides agreed to extend a truce in retaliatory measures.

US backs Japan in dispute with China over radar incident

US backs Japan in dispute with China over radar incident

By Daphne Psaledakis and John Geddie WASHINGTON/TOKYO, Dec 10 (Reuters) - The United States has for the first time criticised China for aiming radars at Japanese military aircraft during a training exercise last week, incidents that the Asian neighbours have given differing accounts of amid

Chinese premier cites damage from US tariffs, as China's surplus surpasses $1 trillion

Chinese premier cites damage from US tariffs, as China's surplus surpasses $1 trillion

China's premier says higher tariffs have dealt a “severe blow” to the world economy, even as China's own trade surplus has surged past $1 trillion

China pledges to expand demand with more proactive polices in 2026

China pledges to expand demand with more proactive polices in 2026

(Reformats hyperlinks in paragraph 4) BEIJING, Dec 8 (Reuters) - China will keep expanding domestic demand and support the broader economy with more proactive policies in 2026, the Politburo, a top decision-making body of the ruling Communist Party, was cited as saying on Monday by state media

German exports unexpectedly rise in October due to EU trade

German exports unexpectedly rise in October due to EU trade

By Maria Martinez BERLIN, Dec 9 (Reuters) - German exports rose slightly in October, confounding expectations for a decline thanks to European Union trade, while shipments to the United States and China fell sharply.

China's trade surplus tops $1 trillion as its exports surge while imports lag behind

China's trade surplus tops $1 trillion as its exports surge while imports lag behind

China's exports returned to growth in November after an unexpected contraction in October, pushing its trade surplus for 2025 past the $1 trillion mark for the first time

U.S. China hawks say Trump approved Nvidia chip sales to China will supercharge its military

U.S. China hawks say Trump approved Nvidia chip sales to China will supercharge its military

By Karen Freifeld and Alexandra Alper Dec 9 (Reuters) - China hardliners in Washington slammed the Trump administration for its decision to allow Nvidia to ship its second most advanced AI chip to China, citing fears Beijing could harness the technology to supercharge its military.