International Monetary Fund (IMF) expects China’s economy to grow by 4.6 per cent in 2024, the Washington-based institution said as it released a review of its Article IV consultation on Friday.

Authorities need to work together to achieve results in climate change, fintech, digital assets and cryptocurrency while being mindful of risks such as geopolitical tensions and China’s property downturn, said bankers attending the Asian Financial Forum.

The self-proclaimed ‘anarcho-capitalist’ president is making hist first overseas tour, even as he battles a major economic crisis at home.

Some 63 per cent of Asia-Pacific CEOs are not confident in the long-term survival of their company despite an overwhelming majority of leaders pivoting to reinvent their business models, a PwC survey showed.

With geopolitics unlikely to thaw this year amid several periods of election campaigning, China has been encouraged to stick to a strategy of openness to withstand or mitigate the erosion of relations.

Citing an International Monetary Fund report published on Sunday on the topic, the IMF managing director said: ‘Your job may disappear altogether – not good.’

One supports including Taipei in IMF while another directs regulators to exclude Beijing from banking organisations over threats to self-ruled island.

Freeze comes as new Argentine President Javier Milei, who campaigned on breaking ties with China, faces financial challenges.

Policymakers in Kyiv are trying to work out how they can fund Ukraine’s war effort if its allies fail to come through with promised aid.

IMF chief Kristalina Georgieva met with Ukrainian President Volodymyr Zelensky, who is visiting Washington to shore up support for continued US security.

‘If fragmentation deepens, we could find ourselves in a new cold war,’ International Monetary Fund’s Gita Gopinath says at the 20th World Congress of the International Economic Association.

It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s President Javier Milei laid bare the scope of the nation’s economic problems: ‘there is no money’.

Far-right former TV pundit campaigned on severing relations with Beijing, but he won with backing from ex-president who warned against doing so.

Kremlin spokesman Dmitry Peskov said the nation was on the brink of collapse after unprecedented sanctions following Russia’s invasion of Ukraine last year.

Argentina has elected an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty.

To hold the president and the other officials criminally responsible, criminal cases have to be filed and proof of criminal actions are required.

IMF managing director Kristalina Georgieva says CBDCs can replace cash and improve financial inclusion in places where few hold bank accounts.

Beijing sends out officials to counter this ‘peak status’ perception, acknowledging short-term problems but framing long-term economic growth as inexorable.

US does not intend to decouple its economy from China’s, Yellen says, while highlighting need to maintain ‘resilient lines of communication’.

China has come under pressure to offer more relief to heavily indebted nations amid allegations from other countries that it has engaged in ‘debt-trap diplomacy’.

The optimism of these firms aligns with Premier Li Qiang’s statement at the opening of the CIIE that consumer vigour on the mainland could boost the global economy

China is set to achieve its economic growth target of ‘around 5 per cent’ this year, but there is still uncertainty over new methods to stabilise growth, Chinese officials and government advisers say.

Standard Chartered ‘remains committed to investing in China’, country head Jerry Zhang says, pointing to strong third-quarter economic data