The International Monetary Fund is sticking to its somewhat bullish forecast for China to grow 7.75 percent this year, but warned that policy makers must urgently address imbalances in the economy to avoid future shocks.
In the body’s annual report on the Chinese economy, it urged Beijing to push ahead with another round of “decisive measures” to ensure that the country transitions from an investment-led economy to a more consumer-focused and environmentally friendly one.
It said that Chinese policy makers have the resources to control any potential shocks to the economy but these means were limited, it said.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.