Yu Yongding

1 week ago | thewirechina.com | Ella Apostoaie |Yu Yongding

Chinese Finance Secretary Lan Fo'an (left) and Vice Minister of Finance Liao Min (right) attend a plenary session of the G20 Development Committee during the IMF and World Bank Spring Meetings, Washington, D.C., April 24, 2025. Credit: Sipa via AP Images In the years following the 2008 global financial crisis, bold stimulus measures enabled China to achieve a V-shaped recovery.