China has managed to somewhat ease global anxieties, with financial leaders around the world citing the country’s move to stabilize the economy.
At the beginning of the year, officials were worried about degenerating Chinese economy that has affected the world and could lead to another financial crisis.
International Monetary Fund Managing Director Christine Lagarde said they no longer feel the same level of apprehension.
In meeting of the IMF and World Bank, finance ministers commended China for exerting enough effort to mollify worries about leaders getting a tighter hold on their economy.
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