China’s stock market correction in “almost over”, Yi Gang, deputy governor of the People’s Bank of China said over the weekend, reports said Monday.
Yi made the remarks during the annual meeting of the International Monetary Fund and the World Bank, held in Lima, Peru. The official also said that Beijing has taken several steps to contain the risks to the financial system.
On Monday, the Chinese stocks surged on expectations that the government will inject fresh stimulus into the economy.
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