Regional report

According to a new World Bank Group paper,'Global Trade Watch:Trade Development in 2015", global trade in 2015 reflected persistently
weak demand and structural changes in world trade,compounded by falling commodity prices and China's transition to a new growth path.
China's transition is affecting the pattern of production and trade in East Asia and beyoud,and the impact can also be seen in changes in 
manufacturing and services industries.
Three policy imperatives can help guide this balance,combined in what I call the ONE principle.These key elements are brought together by
the Five-Year Plan. Their implementation will help China to achieve higher-quality,more inclusive,more sustainable growth-and to realize the
'Chinese dream'", concluded Lagarde.