IMF says avoid more stim­u­lus mea­sures

China Daily (Canada) - - NEWSCAPSULE -

The In­ter­na­tional Mon­e­tary Fund said con­tain­ing fi­nan­cial risks and avoid­ing fur­ther stim­u­lus mea­sures should be the main pri­or­i­ties for pol­i­cy­mak­ers in China, as they con­tem­plate fresh strate­gies for sus­tained eco­nomic growth.

“We con­sider that vul­ner­a­bil­i­ties have risen to the point where con­tain­ing them should be a pri­or­ity. There­fore, additional stim­u­lus should only be de­ployed if growth slows sig­nif­i­cantly be­low this year’s tar­get,” David Lip­ton, first deputy man­ag­ing di­rec­tor of IMF, told a news con­fer­ence in Bei­jing.

The IMF kept its an­nual GDP growth fore­cast for China at 7.5 per­cent but low­ered growth projections for next year from 7.3 per­cent to around 7 per­cent—a level that Lip­ton said is real­is­tic if China car­ries out ex­ten­sive fi­nan­cial re­forms.

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