Nov. 6 (Bloomberg) -- China should start to slow credit growth that may lead to excess industrial capacity and weaken the finance industry, said Tarhan Feyzioglu, the International Monetary Fund’s resident representative in the nation. He spoke in Beijing today. The official said China’s economy may grow 8.5 percent this year and 9 percent in 2010 as private investment picks up. Globally, it’s too early to exit from stimulus policies, though exit strategies need to be articulated, Feyzioglu said.

To contact the reporter on this story: Dingmin Zhang in Beijing at dzhang14@bloomberg.net

Last Updated: November 5, 2009 23:19 EST