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A sluggish economy, weaker growth potential, rising debt, and government deficit were given as reasons for the demotion.
Using flexible exchange rates can "create a seismic shift in the international monetary and financial landscape," Philip Lowe says.
London has been pursuing Chinese investors as part of an UK Treasury campaign to bankroll nearly $80 billion in projects.
Beijing says it is "concerned" how Malaysian authorities concluded that the airplane had "ended" in the Indian Ocean.
Following the Gezi Park protests, clampdowns on freedom of speech, and recent political scandal voters may be ready to shift their loyalties.
Following the Gezi Park protests, clampdowns on freedom of speech, and recent political scandal voters may be ready to shift their loyalties.
BRICS will push for a new equitable global order, the five ministers vowed.
Russia is set to float a joint venture with Brazil to co-produce Sukhoi T-50 fifth-generation fighter jets.
China and the EU need to shelve differences on some major global issues, writes Shixue.
India is among the best among the emerging markets, said Economic Affairs Secretary Mayaram.
