Photographer: Qilai Shen/Bloomberg

China's Debt-Fueled Transition May Be Dangerous, IMF No. 2 Says

  • Transition to new style of economy may be `rocky' experience
  • Structural, fiscal policy must work alongside central banks

China’s transformation to a consumer-led economy may be a “rocky” experience, according to International Monetary Fund First Deputy Managing Director David Lipton.

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