China’s vice-minister of finance, Liao Min, has been appointed as the next deputy managing director of the International Monetary Fund (IMF), according to an announcement by the organisation on Wednesday. Liao will take over from Li Bo, a former deputy governor of the People’s Bank of China, whose term expires at the end of November. It remains unclear whether Liao will leave his position in the Chinese government before taking on the role in Washington. China’s vice-minister of finance since...