IMF warns of risks to Asia's economy as trade tensions, soft China growth bite

Business

TOKYO: Risks to Asia's economy have increased with escalating trade tensions, China's property sector woes and the potential for further market turbulence clouding the outlook, the International Monetary Fund (IMF) said on Friday (Nov 1). Persistent downward price pressures from China can "provoke trade tensions" by hurting sectors in neighbouring countries with similar export structures, the IMF said, urging Beijing to take steps to achieve a more demand-driven recovery for its economy. "A