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G20 TO DISCUSS WAYS TO CALM GLOBAL MARKETS & SPUR ECONOMIC GROWTH

FEBRUARY 26, 2016||EDIT
Feb 26,  8:45 AM
World’s financial leaders will meet in Shanghai in G-20 summit from today to discuss ways to calm global markets and spur economic growth. They are likely to push for better implementation of the already agreed reforms and an assessment of where implementation is lacking and why.
Chinese policymakers have reassured trading partners that they can manage their economy and financial markets smoothly while driving structural reforms. A more than 6 per cent drop in China stocks yesterday, their biggest one-day loss in a month, highlighted the volatility that has roiled the country’s financial markets and caused ripples around the world over the past nine months.
Chinese officials reiterated commitments to keep the yuan fundamentally stable. A report published by the International Monetary Fund on Wednesday called for a coordinated stimulus programme to support a slowing global economy.

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