News Snapshot:
International Monetary Fund, or IMF, foresees the Chinese economy will deviate from the contraction trend COVID-19 has caused worldwide, with a growth of 1.9 percent this year and 8.2 percent in 2021. These forecasts represent the latest update by the agency after a round of virtual consultations in which the head of mission for China, Helge Berger, and the IMF’s first deputy managing director, Geoffrey Okamoto. Both held meetings with the governor of the Chinese central bank and with the heads of the regulators of the securities market and of the banking and insurance sector. Despite these positive prospects, Okamoto...
