The World Bank has removed a critical portion from a recently released report on China's economy, saying the section had not been adequately reviewed. On Wednesday, the Washington-based institution released its China Economic Update report in Beijing, which included a section urging the country to accelerate reform of its state-dominated financial sector. In blunt language, the World Bank warned that failure to address the issue could end "three decades of stellar performance" for the world's second-largest economy.
Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain. Staged against a backdrop of shuttered banks and threats of financial apocalypse, the vote is too close to call and may not produce the clear mandate for negotiations that Athens’ creditors seek. Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation" and is urging people to reject.
ATHENS, Greece (AP) — Greeks started casting ballots early Sunday in the closely watched bailout referendum, with opinion polls showing people evenly split on whether to accept creditors' proposals for more austerity in exchange for rescue loans, or defiantly reject the deal.