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ISLAMABAD: The International Monetary Fund officially launched its new regional center in Shanghai on Monday, aiming to strengthen research, policy dialogue, and capacity-building across the Asia-Pacific region, marking a significant expansion of the fund&#39;s presence in the region. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1997868040684474655&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=e8a889d7c22acd41d230d76ea7167318b94c6287&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 630px; display: block; flex-grow: 1;"></iframe></div> </div>The Shanghai Regional Center, established in partnership with the People&#39;s Bank of China, will serve as a hub for research on economic policies affecting emerging and middle-income countries across the region, the IMF said in the press release. The center will also facilitate engagement with member countries and capacity-building programs. &quot;The center will further strengthen the IMF&#39;s engagement in the dynamic Asia Pacific region, deepen our understanding of perspectives from member countries, and foster international economic cooperation,&quot; IMF Managing Director Kristalina Georgieva said in a statement. Johannes Wiegand, a veteran IMF economist with extensive experience in global and regional economic policy, will serve as the center&#39;s first director. The facility will be co-located with the China IMF Capacity Development Center to maximize collaboration between the two institutions. The IMF thanked China for its financial contributions in setting up the facility. The launch event included an inaugural research seminar titled &quot;Trending Issues in Macroeconomic Policy Research,&quot; which brought together economic scholars from across the region and IMF staff. Participants discussed challenges facing emerging economies, including structural transformation, growth, finance, artificial intelligence, and innovation. The Shanghai center is part of the IMF&#39;s global network of 20 regional centers and offices. These facilities serve various functions, from research and policy analysis to technical assistance and stakeholder engagement.

China

The International Monetary Fund launched its Shanghai Regional Center to enhance engagement in the Asia-Pacific region, promote economic research, and facilitate capacity-building programs for emerging markets, in partnership with the People's Bank of China.

IMF opens Shanghai center to boost Asia-Pacific engagement

SHANGHAI: Novak Djokovic had a relatively straightforward victory at the Shanghai Masters for a change as he beat unseeded Zizou Bergs 6-3, 7-5 on Thursday to reach the semifinals, where he will face No. 204-ranked qualifier Valentin Vacherot from Monaco. The 38-year-old Djokovic has struggled in the hot and humid conditions in Shanghai, vomiting during previous matches and needing medical attention when he slumped to the ground in exhaustion after being taken to a third set by Jaume Munar in the previous round. The only major blip against Bergs was being broken when he led 5-4 in the second set, before finally converting his third match point. &ldquo;I should have closed out the match at 5-4,&rdquo; Djokovic said. &quot;Very challenging conditions these days for all the players, and I was just trying to stay alive on the court. I&rsquo;m glad to overcome this hurdle.&rdquo; It was the first meeting between Djokovic and Bergs. &ldquo;Man, I&#39;ve got to stop idolizing you,&rdquo; Bergs said with a smile before the 26-year-old Belgian hugged Djokovic at the net. Vacherot stunned 10th-seeded Holger Rune 2-6, 7-6 (4), 6-4 to become the second lowest-ranked semifinalist in Masters 1000 events in the past 35 years, according to the ATP. &ldquo;This is just unbelievable,&rdquo; Vacherot said in an on-court interview. &ldquo;I didn&rsquo;t come as a qualifier, I came as an alternate. I wasn&rsquo;t even sure I was going to play qualifying.&rdquo; Vacherot clinched the win when Rune netted a return of serve, then fell to his knees on the baseline with both hands to his face against the court surface. Rune had struggled with mobility because of leg cramps in the third set.

Tennis

Novak Djokovic advanced to the Shanghai Masters semifinal after defeating Zizou Bergs. He will face world No. 204 Valentin Vacherot, who shocked Holger Rune to become one of the lowest-ranked semifinalists in 35 years.

Articles tagged with "Shanghai"

IMF opens Shanghai center to boost Asia-Pacific engagement

Djokovic reaches Shanghai semis, faces world no. 204 Vacherot in surprise matchup