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China’s central bank calls for stronger defences against financial crisis

China’s central bank calls for stronger defences against financial crisis

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) – China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose…

World Bank warns of ‘lost decade’ in global growth without bold policy shifts

World Bank warns of ‘lost decade’ in global growth without bold policy shifts

© Reuters. FILE PHOTO: People look on near cranes standing at a construction site in Beijing, China January 12, 2023. REUTERS/Tingshu Wang By Andrea Shalal WASHINGTON (Reuters) -Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a “lost decade” for the world’s economy, unless policymakers…