China will continue to invest in eurozone government debt and it remains confident in the euro, the country’s central bank governor said yesterday, while calling on Europeans to produce more attractive investment products for China.

THE IMF’s $384 billion (€283.5bn) lending chest may not be enough to meet all loan requests if the global economy worsens,managing director Christine Lagarde said.

China’s central bank governor has renewed promises to ease controversial exchange rate controls – but says change will be gradual.

The United States and China pledged $20bn (€15.6bn) to help finance trade amid a global credit crisis today as they wrapped up high-level talks marked by a Chinese appeal to Washington to stabilise its economy.

TO say that the Chinese love to gamble would be a gross cultural generalisation. Then again, one could be excused for assuming as much, considering how the world’s gaming industry is going after China’s gamblers.

CHINA may increase the flexibility of the yuan should the country’s trade surplus continue to expand this year, central bank governor Zhou Xiaochuan said.

IMF chief Rodrigo de Rato today welcomed the passage of reforms giving a bigger voice to four emerging economies, but warned that members face daunting challenges in keeping global growth on track.

Finance ministers and central bankers from the Group of Seven industrialised economies gathered today to take stock of global economic health amid worries that a US slowdown may stifle global growth.

The head of the International Monetary Fund says higher fuel prices will continue for the foreseeable future, as the world’s seven largest economic powers gather in Washington today.

Some the world’s major central bankers have warned the US that the international community could be running out of patience with the massive US budget and trade deficits that have pushed the dollar lower and increased the cost of their exports in America.