Economy normalizing in China after coronavirus peaked; stark risks remain: IMF

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Economy normalizing in China after coronavirus peaked; stark risks remain: IMF
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China's economy is beginning to show some signs of normalization following ...

FILE PHOTO: The International Monetary Fund headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas/File Photo

WASHINGTON - China’s economy is beginning to show some signs of normalization following the full-blown shock caused by the coronavirus, but stark risks remain, International Monetary Fund officials said in a blog on the economic impact of the pandemic. Most larger Chinese firms have reopened and many local employees have returned to work, but infections could rise again as national and international travel resumes, the IMF officials said.

Outbreaks in other countries and financial market gyrations could make consumers and firms wary of Chinese goods just as the economy is getting back to work, they said.

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