IMF Continues to be Bullish on China

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.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza