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James Harper James Harper Author
Title: 'disorderly correction' if China reform slow - Warned by IMF
Author: James Harper
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The International Monetary Fund (IMF) warned, Washington on Friday that China, the world's second largest economy, could face a "...
The International Monetary Fund (IMF) warned, Washington on Friday that China, the world's second largest economy, could face a "disorderly correction" followed by slower growth if its reform program slows.
Presenting its annual assessment of China, the International Monetary Fund expressed satisfaction with its transition to a more market-oriented economy.
But it also warned Beijing to stay the course, despite recent warning signs.
"The faster the progress, the sooner the benefits will materialize," said Markus Rodlauer, head of the IMF mission to China and one of the authors of the review.

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