Let's turn to the regional economy now. The IMF says that the improved momentum for emerging markets and developing economies will likely continue into 2020 and that Asia's economic growth will remain solid. Take a listen.

The International Monetary Fund projects that the Asian economy will grow 5.4% in 2019 and in 2020 and will remain an important engine for global economy. The IMF earlier raised its projection for China's economic growth to 6.3% amid continued trade talks between Beijing and Washington. The IMF said that a US-China trade deal should prove to be positive and that Chinese structural reforms would benefit global growth.

The IMF proposed that any macroeconomic policy mix should be aimed at preventing further economic deceleration, and macroeconomic policies should become more accommodative. Other experts agreed, saying China would likely remain on its high-quality growth path. They added that China's monetary and fiscal policies should be more coordinated with changing circumstances in order to function in a reasonable range.

ZHAO XIJUN, VICE DEAN SCHOOL OF FINANCE, RENMIN UNIVERSITY OF CHINA "I agree with the IMF's suggestions, as monetary policy should be data-dependent and ensure inflation remains on track toward the central bank's target. Also, fiscal policy should strike a balance between supporting demand and ensuring sustainability. China's ongoing structural reforms and policy stimulus would help the country remain on a sustainable, high-quality path."