Slower but more sustainable, economic growth in China will benefit the world in the long-term, the head of the International Monetary Fund (IMF) said on Tuesday.
“China itself has embarked on an ambitious multi-year rebalancing of its economy, toward slower and more sustainable growth. This is a positive endeavor that, in the long run, will benefit everybody,” IMF Managing Director Christine Lagarde said in Paris.
“In the short run, however, this transformation generates spillover effects — through trade and lower demand for commodities, and through financial channels as well,” she added.
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