IMF to seek assurances from China on slide

Flanked by interest rate decisions in Britain, Japan and Australia, the IMF’s annual meeting in Lima takes centre stage this week, with policymakers focusing on China’s economic slide and its impact on the rest of the world.

Activity in China’s vast factory sector shrank again in September, fuelling fears that the economy there may be cooling more rapidly than thought just a few months ago, with a reverberating impact on emerging and developed economies.

Meanwhile, unexpectedly weak US jobs data out on Friday further clouded the global economic picture, and pointed to a much-anticipated rate hike from the Federal Reserve being delayed.