Posts tagged "imf"

RMB TO BE IMF’S RESERVE CURRENCY

Finally, the decision for Chinese Yuan or RMB to be added to IMF's basket of elite reserve currency is finalized. Here is the detail...     Benefit, benefit, benefit... Despite many controversies, analysts say that the IMF’s decision is in large part a political one designed to encourage stronger economic overhauls in the world’s No. 2 economy. Christine Lagarde believes this milestone will be the beginning of many reforms. This move will be effective in the late of next y...

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CHINA ECONOMY WATCH

Hello Wednesday! Yeay, we're in the middle of the week (again)! Today, I'm writing an article about China Economy watch based on one of my favorite economic figures: Christine Lagarde, the head of IMF.   Here is the review...   "I would say that it's a recovery that is decelerating a bit, and we are seeing massive transitions at the moment" she said and it was expected to gain momentum next year.   After such a massive growth over decades, China's economy slowed to 7.4...

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