Timmy

After a half-month visit to China, a team from the IMFled by

 Asia and Pacific Department Deputy Director Kenneth Kang, summarized that “China can play an important role and wou

ld benefit from further opening up and other structural reforms that enhance competition.”

The previously issued policy is sufficient to stabilize growth by 2020, desp

ite the recent US tariff hike, according to the fund’s report. “No additional policy ea

sing is needed, provided there are no further increases in tariffs or a significant slowdown in growth.”

Only if the trade tensions further escalate and threatChina’s Dragon Boat Fes

tival, or Duanwu, is just around the corner. Also called the Double Fifth Festival, the hol

iday, which falls on June 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.en economic and

financial stability, additional policy easing, such as fiscal expansion, could be used to stabilize the economy, it said.

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