Screen shows Chinese Premier Li Qiang delivering a speech at the opening ceremony of China Development Forum 2024, in BeijingBEIJING -China needs to "reinvent itself" with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund's Managing Director Kristalina Georgieva said on Sunday.
To do that China would need to take "decisive" steps to complete unfinished housing stranded by bankrupt developers and to reduce risks from local government debt, the IMF chief said. Foreign investment flows into China shrank nearly 20% in the first two months of the year, data released Friday showed, and officials have been stepping up efforts to attract investors at a time when many companies have been looking to "de-risk" supply chains and operations away from China.In 2023, foreign direct investment into China contracted by 8%, reflecting a shaky economic recovery and tensions with the United States and its allies on a range of issues.
Stephen von Schuckmann, a board member and executive at ZF Group who oversees the auto supplier's battery-drive operations, said the company was committed to China, which leads the world in electric car sales and production. China's cabinet last week unveiled steps intended to win investment, including expanded market access and pilot programmes to encourage investment in science and technology.
The University of Kentucky would have to pony up if it wants John Calipari to go away. Here’s why UK isn’t going to do that.LONDON/BERLIN -Ukraine has scrapped its "sponsors of war" blacklist, the centrepiece of its campaign to pressure companies doing business in Russia, the agency in charge said on Friday after a backlash from countries from Austria to China.
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