In the newly released IMF report, the IMF executive directors also commended the Chinese authorities' recent reform progress, in particular, in reducing financial sector fragilities and continuing opening-up of the economy, while underscoring the importance of structural fiscal reforms that can enhance medium-term growth.
Welcoming the country's commitment to multilateralism and a rules-based trading system, the executive directors agreed that trade tensions between China and the United States should be quickly resolved through a comprehensive agreement that avoids undermining the international system.
The directors also concurred that greater exchange rate flexibility and deeper and better functioning foreign exchange markets would help the financial system prepare for greater capital flow volatility.
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2020-09-15
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