World Bank chief David Malpass says China needs to further open up its economy and reduce state subsidies. Its economy expanded at its slowest pace for nearly three decades in the third quarter. – EPA pic, November 21, 2019.
WORLD Bank chief David Malpass today urged China to further open up its economy and reduce state subsidies, echoing key demands made by the United States in protracted trade war negotiations. He made the remarks after a roundtable meeting with Chinese Premier Li Keqiang and the heads of other global institutions, including the International Monetary Fund and the World Trade Organisation.
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