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organisation > People's Bank of China
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Christine Lagarde says global economy risks plunging into a "downward spiral of uncertainty and financial instability".
Banks need more deposits and flexible interest rate policies in order to finance small and medium-size businesses.
If the government implements another 'strategic transition' focused on consumption, China's economy should rebound.
The interconnectedness of the world economy means that US economic woes will have severe effects on others.
Economic hardships face China in the near future, but their past record of success seems to espouse promising results.
Despite their recent success, China and India may soon face some economic difficulties.
The Chinese financial system's evolution in recent years has been extraordinary.
Increased imports would help reduce inflation, but China must overcome its mistrust of opening domestic markets.
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