CHINA’S ECONOMY MIRED IN MOUNTING VULNERABILITIES
IMF URGES QUICKENED ACTIONS TO REBALANCE GROWTH
2013-07-20 17:49
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Asia’s largest economy, China, has entered an acute phase of “mounting” domestic vulnerabilities in the financial, fiscal and real estate sectors that pose threats to the stability of its financial system and sustainable growth for the future. This is underlined in a new IMF report on China, which has gone through a historic transformation in three decades of growth averaging double digit, lifting hundreds of millions out of poverty.