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S. Korea eyes extra budget of less than 7 tln won: finance minister

S. Korea eyes extra budget of less than 7 tln won: finance minister

South Korea’s finance minister said Wednesday he expects to introduce a supplementary budget worth less than 7 trillion won (US$6.1 billion) to boost domestic demand and create jobs. Finance Minister Hong Nam-ki told reporters that the size of the extra budget has not been confirmed yet, but he expects that the size “would not exceed […]

China shows reliability in global financial governance

China shows reliability in global financial governance

Zhong Sheng (People’s Daily) Starting from October 1, the Chinese yuan will be included in the Special Drawing Rights (SDR) basket of the International Monetary Fund (IMF) along with the US dollar, the Euro, the Japanese yen and the British pound. This will be the first time for a currency of a developing country to […]

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