China says it is committed to increasing openness after Germany called for "reciprocity" in investment efforts. The statement comes as the German economics minister visits the Asian nation.
The National Bureau of Statistics said that while growth has slowed, it still managed to remain relatively steady. Beijing has decided to focus on consumer spending to ride out a trade spat with the United States.
'Global Partners for Global Challenges' is the theme of the two-day summit in Brussels. Ministers from China, Japan and Russia have made the trip to reaffirm support for multilateral cooperation.
China's top financial officials have moved to reassure investors amid a sharp fall in Chinese stocks. In rare joint statements, they described the recent rout as "abnormal" and vowed to take steps to curb the sell-off.
Some emerging economies, including Turkey and Argentina, could be forced to cut spending to bridge yawning deficits. As interest rates continue to rise in the US and Europe, there is no respite for them any time soon.
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