IMF chief hails progress in China-US trade talks

Soaring colours China’s Bayi Aerobatic Team performing in the sky during the Chin Liberation Army Air Force Aviation Open Day in Changchun in northeastern Jilin province, to mark the 70th anniversary of the founding of the China Army Air Force. — AFP

WASHINGTON: International Monetary Fund (IMF) managing director Kristalina Georgieva hailed the progress made in the latest round of China-US trade talks as “extremely good news, ” urging the world to grasp the opportunity to achieve “a trade peace”.“I was encouraged by last week’s announcements from the US and China, ” Georgieva said at the opening press conference of the IMF-World Bank Annual Meetings in Washington.

“Our meetings this week are an opportunity for all parties to make progress in moving from a trade truce to a trade peace.”