IMF advises China to strengthen policy buffers

China's growth is clouded by mounting domestic vulnerabilities, says the IMF, and needs to become more consumption-based, inclusive and environmentally friendly.

IMF advises China to strengthen policy buffers

China’s near-term challenge is to contain risks to financial stability by reining in credit growth and non-traditional forms of lending, the IMF said in a report released late on Wednesday.

IMF directors agreed that China has the capacity to withstand shocks, but considered that a further strengthening of policy buffers over time would be desirable, it advised in the report, which is part of the IMF’s regular country surveillance.

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