World economy sound but China must move on yuan-G7
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The world economy is sound, although financial markets may remain ragged for some time, and China must let its currency rise faster to rebalance global growth, finance officials from rich nations said on Friday.
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Greater flexibility in China&#39;s exchange rate is in the nation&#39;s best interest to help the central bank better manage the effects of inflation and should be pursued ``without undue delay
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China's yuan is not substantially  undervalued given the country's balance of payments, but it  will manage capital flows with the aim of eventually making the  currency convertible, China's central bank governor said.
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FRANKFURT (Der Spiegel) - China's economy is continuing to expand at a blistering rate - with 11.5 percent growth in the third quarter of 2007. It is now poised to overtake Germany as the world's third largest economy within weeks and will soon also take Germany's crown as the world's biggest exporter. China's economy is continuing to surge ahead in double-digit growth figures and is due to overtake Germany as the third largest in the world within the next few weeks.  The country announced 11.5 percent growth for the third quarter of 2007, down on the 11.9 percent of the second quarter thanks to government efforts to cool the boom.
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A global economy was thought to be more stable â but not if everyone is speculating.
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China may provide some answers. Globalization can't hurt.
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China came under pressure on Saturday  to let its currency rise faster to ease imbalances in trade and  capital flows that pose one of the biggest risks to global  growth.
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China came under renewed pressure Saturday from the Group of Seven to make its yuan more flexible, while Japan emerged from the meeting without a public scolding, despite criticism beforehand that its weakened ...Comment
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The pace of Chinaâs economic development is still strong enough to keep pushing up prices around the world for everything from oil to iron ore to freight shipping.
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The world economy, powered in part by China, will grow this year at its briskest pace in almost three decades -- five percent -- before losing steam in 2005 in the face of higher oil prices, the IMF said.
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The world economy has  weathered sharp drops in asset prices well so far but could  face a slowdown if market volatility continues, central bank  chiefs from key developing nations said on Saturday.
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China&#39;s economy grew so rapidly in the first half of 2007 that it is likely to overtake Germany as the world&#39;s third-largest by the end of this year, analysts say.
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China joined the Group of Seven nations for talks on the global economy on Saturday, marking an effective expansion of the club which may also admit other emerging economic powerhouses to almost double its ...Comment
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SINGAPORE: Chinaâs reluctance to unshackle the yuan when the dollar is plumbing record lows against the euro risks sparking political tensions that could complicate the already fraught task of ironing out global economic imbalances.
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The head of the International Monetary Fund on Tuesday predicted a "continued smooth ride" for the global economy, but cautioned there are signs of potential trouble ahead after several years of brisk growth.
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For one thing, even if Chinese growth slowed in the third quarter, it won&#39;t indicate whether Asia&#39;s second-biggest economy is avoiding a hard landing.
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China is willing to promote  flexibility of its currency, but it will keep the yuan  &quot;basically stable at a reasonable, balanced level,&quot; Vice  Premier Wu Yi said on Thursday.