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Sunday, October 14, 2012

China calls on US, Japan to fix their finances

China calls on US, Japan to fix their finances

Tokyo (AFP) Oct 13, 2012
China said Saturday the failure by Washington and Tokyo to fix their fiscal problems was hurting the global economy, as it called for "bold, swift and decisive action" to reverse a slowdown. Deputy central bank governor Yi Gang warned the absence of a "credible, medium-term fiscal consolidation in some of the major advanced economies such as the United States and Japan" is unsettling for thehttp://www.terradaily.com/reports/China_calls_on_US_Japan_to_fix_their_finances_999.html

China IMF boycott 'a sign of things to come': analysts

Tokyo (AFP) Oct 14, 2012
China's top level boycott of global financial meetings in Japan this week is a sign of things to come, analysts say, as an economically emboldened Beijing shows struggling Western nations it doesn't need to play by their rules. With global growth slowing, many in the developed world are looking to Beijing to pick up the slack, and the annual meetings of the International Monetary Fund and Wohttp://www.terradaily.com/reports/China_IMF_boycott_a_sign_of_things_to_come_analysts_999.html
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