While global economy remains at risk, Moscow intends to ensure sustainable, inclusive growth as a common goal for the Group of Twenty (G20), President Vladimir Putin said Wednesday.
Emerging markets in Asia have responded with sinking stocks to the predicted U.S. stimulus cut, but a 1997-like Asian financial crisis is unlikely and China is expected to remain resilient against the impact.
China's economy is expanding at a reasonable speed but the country's conditions mean double-digit growth rates will not be seen.
With positive economic signs trickling in and hopes on the rise that the worst may be over for Italy's beleaguered economy, analysts say the Italian government appears to be gradually shifting focus from debt reduction to ways to spark growth.
Chinese Premier Li Keqiang on Monday underscored the role of reform in promoting sustainable growth, pledging to keep the economy from big fluctuations and maintain steady performance.
The Conference Board Chief Economist Bart van Ark and Andrew Polk, resident economist at its China Center for Economics and Business, said on Monday that it is important for China to put more emphasis on quality growth rather than speed.
While China's recent economic data cheered up the country's entity markets, many economists remain cautious about whether the economy's rebound will be carried through the rest of the year.
While China's recent economic data cheered up the country's entity markets, many economists remain cautious about whether the economy's rebound will be carried through the rest of the year.
The Reserve Bank of Australia (RBA) revised its forecast for gross domestic product (GDP) growth from 2.5 percent to 2.25 percent for the year to December.
South Korea's central bank reiterated its worries about U.S. quantitative easing and the possible economic slowdown in China, citing those as major downside risks facing the economy.
Prices of thermal coal in China, used to fire up power plants, have declined 10 percent so far this year amid an economic slowdown and gradual transition.
China may see a mild increase in consumer prices in the second half of the year, which could limit the country's policy options as it faces a double task of stabilizing growth and curbing inflation, analysts said.
Express delivery volume soared more than 50 percent for the 28th consecutive month, according to China Federation of Logistics & Purchasing data Tuesday.
Despite all the heightened attention and occasional panic over China's economic health, authorities in the world's second-largest economy have so far remained confident of its ongoing rebalancing act.
International Monetary Fund Managing Director Christine Lagarde Thursday called for better global policy cooperation and economic reforms that could help tackle specific challenges in both advanced and emerging economies.
U.S. Federal Reserve said Wednesday it will continue the current monetary stimulus moves to bolster the slow economic growth and job creation, as the latest data showed that U.S. economy grew at a sub-par 1.7 percent in the second quarter.
China's economy will maintain steady growth in the second half of this year amid "extremely complicated domestic and international conditions," according to the Political Bureau of the Communist Party of China Central Committee.
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