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IMF Says China Must Fix Shortcomings to Lead Globalization

  • Lipton sees window of opportunity for China financial reform
  • IMF seeing signs of faster growth across the global economy
Bloomberg business news
IMF’s David Lipton talks about the upside and downside to global risks, and where he sees China is heading to.(Source: Bloomberg)
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China should be willing to loosen trade and investment restrictions if it seeks to play a leading role in globalization, International Monetary Fund First Deputy Managing Director David Lipton said.

Speaking at the Asian Financial Forum in Hong Kong Monday, Lipton acknowledged that China’s leadership has been a “voice of reason” in terms of preserving the current system of rules-based international trade, but the nation also had more to do.