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China needs ‘vital’ economic reforms, World Bank chief David Malpass tells Premier Li Keqiang

Summary:
[unable to retrieve full-text content]World Bank chief David Malpass urged China on Thursday to further open up its economy and reduce state subsidies, echoing key demands made by the United States in protracted trade war negotiations.China is struggling to kick-start its economy, which expanded at its slowest pace for nearly three decades in the third quarter of 2019 amid cooling global demand for its exports and a looming debt crisis at home.“I encouraged new reforms and liberalisation,” he said after a round table meeting with…

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[unable to retrieve full-text content]
World Bank chief David Malpass urged China on Thursday to further open up its economy and reduce state subsidies, echoing key demands made by the United States in protracted trade war negotiations.China is struggling to kick-start its economy, which expanded at its slowest pace for nearly three decades in the third quarter of 2019 amid cooling global demand for its exports and a looming debt crisis at home.“I encouraged new reforms and liberalisation,” he said after a round table meeting with…

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