Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
"The moves haven't been that big by the standards of other emerging markets. It only takes the currency back to where it was at the beginning of the year and on the average of last year," said James Daniel, the IMF mission chief for China.
China's currency has been sliding since mid-June amid an escalating trade war between the U.S. and China, after bumping around at higher levels from February through May. On Friday, USD/CNY was trading around 6.8.
The recent moves in the Chinese yuan are what is to be expected from a flexible exchange rate, Daniel told CNBC's "The Rundown."
"Domestically in China, there's a bit of a slowdown, somewhat of a monetary easing ... [but] the American economy is doing well and there is a tightening bias in America so you'd expect to see this divergent monetary condition reflected in a somewhat weaker exchange rate in China, " Daniel explains.
Daniel's comments came on the back of the IMF's annual review of the Chinese economy.
China's economy continues to perform strongly, the IMF said, with growth expected at 6.6 percent this year — slightly slower than last year's 6.9 percent.
The growth estimate was unchanged from the IMF's last forecast made in May. It had raised its estimate for China's 2018 growth in January after the economy unexpectedly accelerated last year.
While the IMF praised China's progress on reducing financial sector risks and in further opening its economy, it said credit growth was still unsustainably high as some aspects of the country's rebalancing had slowed.
"China is at an historic juncture. After decades of high-speed growth, the authorities are now focusing on high-quality growth," the report said.
The IMF added that China's headline inflation is expected to rise gradually to around 2.5 percent, while producer price inflation would moderate.
The U.S. is also closely watching the currency of its top trading partner.
— CNBC's Berkeley Lovelace Jr. and Reuters contributed to this report.