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India & China to account for half of global economic growth in 2023, says IMF chief

India & China to account for half of global economic growth in 2023, says IMF chief

by AIP Online Bureau | Apr 7, 2023 | Eco/Invest/Demography, International News, Pandemic, Policy

The period of slower global economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth, “our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades,” IMF...

China cuts medical benefits for seniors due to cash shortage

by AIP Online Bureau | Apr 2, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Pension & Social Security, Policy

In the longer term, the “grey hair movement” is indicative of a fundamental issue facing the Chinese government, how to care for a rapidly ageing society where 400 million people, or 30 per cent of the population, will be 60 or older by 2035. China’s...

China capital Beijing experiences first population decline since 2003

by AIP Online Bureau | Mar 22, 2023 | Data, Eco/Invest/Demography, Policy

China’s birth rate last year was 6.77 births per 1,000 people, the lowest on record, while the country’s death rate, the highest since 1974, was 7.37 deaths per 1,000 people. The death rate in China’s capital Beijing surpassed its birth rate in 2022,...

China to set up a national financial regulatory administration

by AIP Online Bureau | Mar 7, 2023 | Eco/Invest/Demography, Regulation

It will be established on the basis of the China Banking and Insurance Regulatory Commission (CBIRC), which will not be retained, the plan said, noting that certain functions of the People’s Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC)...
China to deepen financial reform, open to more foreign investment

China to deepen financial reform, open to more foreign investment

by AIP Online Bureau | Mar 5, 2023 | Eco/Invest/Demography, International News, Policy, Regulation

“We need to deepen reform of the financial system, improve financial regulation, and see that all those involved assume their full responsibilities to guard against regional and systemic financial risks,” Premier Li Keqiang Beijing: China will deepen...
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