RCEP — a catalyst for global economic revival amidst EM volatility ...Qatar

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RCEP — a catalyst for global economic revival amidst EM volatility
According to the IMF’s October 2020 outlook, the Chinese economy is expected to grow by 1.9% in 2020 and by 8.2% in 2021.The Chinese yuan has strengthened by more than 5% this year to 6.57 against the US dollar. In recent times, the yuan gained as dollar slumped. The Chinese stock market had strengthened by more than 9% YTD. The Chinese bond issuances were at $1.83tn in first 9 months of this year and was at $1.35tn in the first 9 months of 2019. In the beginning of this week, the leaders of China and another 14 countries in the Asia-Pacific region have signed one of the biggest free trade deals in history, covering 2.2bn people and 30% of the world’s economic output. The deal, known as the

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