IMF Calls for China to Rebalance Toward Consumption as Trade Barriers Rise
The Fund says China’s growth model needs to shift toward domestic demand in familiar call
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I’m Malcolm Scott, international economics editor in Sydney. Today we’re looking at the IMF’s latest yearly report on China. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The International Monetary Fund has just released its latest yearly report on China, calling on authorities to rebalance the economy toward consumption as the old investment and export-led growth model “now faces challenges.”