介绍:
IMF Calls on International Community to Support China's Economic Transition
The International Monetary Fund has called on the international community to support China in its economic transition, saying it will benefit global growth and reduce tail risks.
The call, made in a newly released report 'Note on Global Prospects and Policy Challenges' comes ahead of the upcoming G20 leaders summit in Turkey.
Meanwhile, the IMF has also suggested China's rebalancing could generate large global knock-on effects, and so China should move towards a slower, more sustainable growth path.
The IMF also predicts in the report that the global economy is expected to grow by 3.6 percent in 2016, the fastest rate since 2011.
Yet it warns that international economies should be cautious in navigating change and has urged further structural reform to spur future growth, with effective demand-side measures.
Hong Kong commercial landmarks sold at record prices
Two large companies from the Chinese mainland have bought two Hong Kong landmarks, paying record prices for both.
Guangzhou-based Evergrande Real Estate Group has agreed to pay 12.5 billion Hong Kong dollars or about 1.6 billion U.S. dollars for the Mass Mutual Tower in Wan Chai owned by local tycoon Joseph Lau's Chinese Estate Holdings.
Meanwhile, China Life Insurance has bought Wheelock and Co.'s One Harbour Gate West office tower and retail premises in Hung Hom for nearly 5.9 billion Hong Kong dollars.
The Mass Mutual Tower deal broke the record for the most expensive building sold in Hong Kong in terms of both the lump sum and price per square foot.
Two Escapees sentenced to death in Harbin
A court in the city of Harbin has sentenced two defendants Gao Yulun and Wang Damin to death for killing a prison guard and escaping a detention center.
The third escapee Li Haiwei was condemned to life imprisonment by Harbin Intermediate People's Court on Friday.
The three inmates killed a guard and escaped a detention center in Yanshou County, Heilongjiang Province in September of 2014.
Police captured Li Haiwei and Wang Damin within two days. However, it took 9 days to catch the last escapee Gao Yulun.
Gao was reported to police by his niece's family when he turned up asking for food.
Myanmar's opposition wins right to independently form new government
Aung San Suu Kyi's party has won the right to form a new government on its own, after securing enough seats in the two-House Union Parliament.
Myanmar's election commission announced the news on Friday, saying that the National League for Democracy had secured 348 seats in the two houses.
Now, the NLD has the right to nominate a president of the next government. But it is yet to disclose the name of the person it will select for the role.
According to Myanmar's constitution, NLD Chairperson Aung San Suu Kyi is forbidden from becoming president because some members of her family hold foreign citizenship.
Leaders of the current government, military and the ruling party have all voiced acceptance of the voters' decision.
India PM Modi Makes a Big Push for British Investment
During his official visit to the UK, the Indian Prime Minister Narendra Modi has been promoting his "Make in India" initiative.
Modi says his government is taking steps to encourage greater overseas investment in his country.
He made the remarks during a speech to an audience of business people at the Guildhall, an historic building in the heart of London's financial district.
Meanwhile, British Prime Minister David Cameron has expressed his willingness to support Modi in his efforts to transform India with help to improve infrastructure and education.
In response, India has developed a system of Tax Free Infrastructure Bonds for projects involving railways, roads and in other sectors.
The two sides are poised to sign over $13 billion of trade deals.
S. Korea's Park urges Abe to Decide on Wartime Sex Slavery Issue
South Korean President Park Geun-hye has urged Japanese Prime Minister Shinzo Abe to make a decision on the issue of comfort women.
Park said in a joint written interview with eight news agencies that the issue was not just a bilateral matter between South Korea and Japan, but about the universal human rights of women.
She urged Abe to solve the issue as soon as possible because surviving victims were passing away - only 47 are still alive in South Korea.
Park and Abe agreed to speed up talks on the issue during their first-ever one-on-one meeting earlier this month.
Following the summit in Seoul, diplomats from both sides have held the 10th round of talks over the dispute, ending without agreement.
Abe says to seek closer economic ties with China, S. Korea through reaching FTA
Japanese Prime Minister Shinzo Abe has expressed his willingness to strengthen economic ties with China and South Korea through the realization of a free trade agreement.
He made the remarks at a reception for Japanese and Chinese business leaders on Thursday.
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