KONTAN.CO.ID -Â WASHINGTON. Any trade deal between China and the United States should be a long-lasting one that is consistent with multilateralism and addresses structural factors like intellectual property, a senior International Monetary Fund official said on Friday. Changyong Rhee, director of the IMF's Asia and Pacific department, also said market optimism over the fate of trade talks between Washington and Beijing could mean that a failure to reach a deal could trigger a sharp market reaction. "If there is no agreement reached contrary to market expectations, the market can react quite negatively because they already factor in some agreement will be reached," he told a news conference during the spring meetings of the IMF and World Bank in Washington.
IMF wants China-U.S. trade deal to address structural issues
KONTAN.CO.ID -Â WASHINGTON. Any trade deal between China and the United States should be a long-lasting one that is consistent with multilateralism and addresses structural factors like intellectual property, a senior International Monetary Fund official said on Friday. Changyong Rhee, director of the IMF's Asia and Pacific department, also said market optimism over the fate of trade talks between Washington and Beijing could mean that a failure to reach a deal could trigger a sharp market reaction. "If there is no agreement reached contrary to market expectations, the market can react quite negatively because they already factor in some agreement will be reached," he told a news conference during the spring meetings of the IMF and World Bank in Washington.