 "IMF logo. Photo: Reuters")
China should open up its services sector to ease trade tensions with the US and bolster global trade, according to a senior official from the International Monetary Fund.
The medical, health, legal and financial services sectors are among areas that could be liberalised, Changyong Rhee, the Asia-Pacific director at the IMF, said in an interview at a gathering of finance and economy ministers in Washington.
“China can gain a lot by opening its services sector” and having more trade with the US, said Rhee.
The comments come after President Donald Trump agreed with his Chinese counterpart Xi Jinping to a 100 day review
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