Tobias Adrian, director of monetary and capital markets at IMF, speaks during a press briefing about the IMF's Global Financial Stability Report during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

People walk past the China Import and Export Fair premises, on the eve of the 139th Canton Fair in Guangzhou, in southern China's Guangdong province on April 14, 2026. (Photo by Jade GAO / AFP via Getty Images)

(L/R) Tobias Adrian, director of monetary and capital markets at IMF, Athanasios Vamvakidis, deputy director of monetary and capital markets at IMF, and Jason Wu, assistant director of monetary and capital markets at IMF, participate in a press briefing about the IMF's Global Financial Stability Report during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

Tobias Adrian, director of monetary and capital markets at IMF, speaks during a press briefing about the IMF's Global Financial Stability Report during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

A woman rides a scooter past the China Import and Export Fair premises, on the eve of the 139th Canton Fair in Guangzhou, in southern China's Guangdong province on April 14, 2026. (Photo by Jade GAO / AFP via Getty Images)

A woman walks past a billboard along a street in Guangzhou, in southern China's Guangdong province on April 14, 2026. (Photo by Jade GAO / AFP via Getty Images)

A man sits on a scooter outside the China Import and Export Fair premises, on the eve of the 139th Canton Fair in Guangzhou, in southern China's Guangdong province on April 14, 2026. (Photo by Jade GAO / AFP via Getty Images)

A man sits outside the China Import and Export Fair premises, on the eve of the 139th Canton Fair in Guangzhou, in southern China's Guangdong province on April 14, 2026. (Photo by Jade GAO / AFP via Getty Images)