The Chinese economy faces “high uncertainty,” according to the International Monetary Fund. Beijing is trying to reassure investors by setting up, in particular, new centers intended to facilitate administrative procedures for companies.
Since China eased its strict Covid border controls last year, Beijing has launched an all-out campaign to woo investors. The Shanghai composite index fell below 2,700 points on Friday, and 600 stocks lost more than 9%. For this to happen, above all, says the IMF, it will be necessary to make an effort in terms of data transparency.