It here is a hanging pronoun, which is usually wrong on the GMAT, and does not refer to anything given in the sentence. Please note that it is NOT always wrong. One has to go through the answer choices.
Here is a practice problem.
An unusually strong cyclist
can, it is hoped, provide enough power to set a new distance record for human-powered aircraft in MIT’s diaphanous construction of graphite fiber and plastic.
(A) can, it is hoped, provide enough power to set
(B) it is hoped, can provide enough power that will set
(C) hopefully can provide enough power, this will set
(D) is hopeful to set
(E) hopes setting
Click on spoiler for the answer.
Link to the discussion -
https://gmatclub.com/forum/an-unusually ... 82621.htmlHope this helps.
Regards,
V