• China, CEEC banks to further strengthen 16+1 cooperation

      China, CEEC banks to further strengthen 16+1 cooperation

      Senior officials have said in Sofia that banks from China and Central and Eastern European Countries (CEEC) would further strengthen 16+1 ties, Xinhua reported. "We need to strengthen cooperation," Hu Huaibang, chairman of China Development Bank (CDB), said on 5 July at the meeting of the Board of Directors of China-CEEC Inter-Bank Association. The association, established last November, has become "a new force for multilateral co-operation," according to Hu.

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    • IMF cuts German 2018 GDP growth forecast

      IMF cuts German 2018 GDP growth forecast

      According to the International Monetary Fund (IMF), the German economy remains a model of stability, but it is not immune to risks and could face significant growth problems in the medium and long term. Thus, following the many downward revisions including those by the Bundesbank and Ifo, the IMF cut forecasts for its German 2018 GDP growth forecast by 0.3 points to 2.2 percent.

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