China should open service sector to boost trade flows: IMF

Says medical, health, legal and financial services are among areas that could be liberalised

China should open up its services sector to ease trade tensions with the US and bolster global trade, according to a senior official from the International Monetary Fund.

The medical, health, legal and financial services sectors are among areas that could be liberalised, Changyong Rhee, the Asia-Pacific director at the IMF, said in an interview at a gathering of finance and economy ministers in Washington.

“China can gain a lot by opening its services sector” and having more trade with the US, said Rhee.

The comments come after President Donald Trump agreed with his Chinese counterpart Xi Jinping to a 100 day review