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China's economic growth could fall below 6% in 2020, says the IMF

China's economic growth may continue to slow in 2020 – although the global economy is likely to pick up, the International Monetary Fund predicted. The fund said in its report on the global economic outlook that the Chinese economy could grow at about 5.8% next year – slower than the forecast of 6.1% for 2019. According to the IMF, China …

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Kuroda of the Bank of Japan calls for a mix of steps to boost economic growth

WASHINGTON (Reuters) – Bank of Japan Governor Haruhiko Kuroda said Sunday that a mix of monetary easing, flexible budget spending and structural reforms to boost the country's long-term growth potential could stimulate the economy. Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks during an interview with Reuters in Washington on October 19, 2019. REUTERS / Carlos Jasso To oppose the …

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China's economic growth is sinking to a 26-year low

Finance Minister Steven Mnuchin on the state of trade talks in China. China's economy suffered another blow in the last quarter as the US customs war took its toll. China's economy slowed to a 26-year low The world's second-largest economy grew 6 percent in the three months to September, after 6.2 percent in the previous quarter, according to Friday's data. …

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China's economic growth is at its lowest level since 1992

China's gross domestic product grew 6% at the end of September, the weakest quarterly growth since 1992, and government statistics published on Friday of 6.2% in the previous quarter. It also missed the forecast of 6.1% growth predicted by analysts surveyed by Refinitiv. The numbers came just a week after the US and China signed a temporary ceasefire to inflict …

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Beijing publishes economic data in the midst of a trade war with the US

A Chinese flag can be seen on April 9, 2018 in Shanghai in front of containers in the deepwater port of Yangshan. Johannes Eisele | AFP | Getty Images China released third-quarter GDP figures Friday, showing that the economy has grown 6.0% year-on-year, its lowest level for at least 27 1/2 years, Reuters said. Analysts surveyed by Reuters had expected …

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Stocks are weakening on growing concerns about economic growth

Asian stocks dropped a fourth day on Thursday as weaker US manufacturing and hiring data unsettled the global economy. Interested in stock exchange? Add stock market as an interest to stay up to date on the latest news, videos and analysis from ABC News. The Tokyo Nikkei 225 fell unusually high by 2% and market benchmarks in Hong Kong, Sydney …

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India corporate tax cut aims to boost economic growth

Profits made by Indian companies now taxed at 22%, down 30%, as long as they do not apply for incentives or exemptions, Finance Minister Nirmala Sitharaman announced on Friday. New manufacturing firms incorporated after October this year wants to be taxed at 15% instead of 25%, as long as they start production before March 2023, she added. The rising stock …

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