IMF lowered the forecast for growth of China in 2012 from 9% to 8.25%

The International Monetary Fund decreased its forecast for growth in China this year to 8.25 percent of gross domestic product estimated at 9 percent in September, citing weaker exports and uncertain economic environment. The pace of economic growth in China, which last year was 9.2%, can be slowed dramatically if the eurozone entered a severe recession. Despite the expected slowdown “China is capable of balancing financial response and should use it to provide more incentives for the domesti...
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China wants to invest in rescue funds of Europe

China wants to invest in life saving and Europe to keep its holdings in euro assets. So support the growth of the single currency, and shares in Asia, due to optimism that the Eurozone debt crisis will be overcome. “China has always adhered to the principle of ownership of assets in debt securities of euro area. We participated in resolving ...
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