Chinese Mandarin

Global financial stability was still not assured and significant policy challenges remained to be addressed even nearly four years after the onset of the severe financial crisis, the International Monetary Fund (IMF) said on Tuesday. “The interaction between banking and sovereign credit risks in the euro area remains a critical factor, and policies are needed [...]

Business leaders considered China as the most important country for future growth as their confidence in the global economy improves, a survey showed on Tuesday. In a worldwide poll of 1,201 CEOs, China was named by 39 percent of them as the leading growth engine, followed by the 21 percent for the United States, 19 [...]

South Korea’s economy posted an annual growth rate of 6.1 percent in 2010, an eight-year record high, the central bank said Wednesday. The country’s gross domestic product (GDP), the broadest measure of economic performance, grew 6.1 percent compared with 2009, when the growth rate stood at 0.2 percent, the Bank of Korea (BOK) said. Asia’s [...]