
International Monetary Fund (IMF) Managing Director has urged China to strike a delicate between shifting to a relatively slower, but more sustainable pace of growth, and implementing much-needed structural reforms.
Christine Lagarde said in her remarks after concluding her two-day visit to China.
"China is in the midst of a historic transition aimed at transforming and rebalancing its economy, while delivering economic and environmental sustainability. This transition is good for China and good for the world," she said.
"I am impressed by the Chinese authorities’ commitment to an ambitious policy agenda, including through opening up the economy, narrowing the gap between rich and poor, and expanding innovation and entrepreneurship--three policy imperatives that I described as the "ONE principle." The IMF’s decision to include the Renminbi as part of the SDR basket starting in October this year, along the approval of the 2010 governance reforms which place China among the IMF's top three shareholders, are a testament to China’s growing leadership in the global arena--a role that is set to increase even further in the future, she said.
During her visit, Lagarde spoke at the China Development Forum 2016 under the theme of 'China in the New Five-Year Plan'.
She also met with with Premier Li Keqiang, Vice Premier Ma Kai, People’s Bank of China Governor Zhou Xiaochuan, Chairman of China Securities Regulatory Commission Liu Shiyu, and other senior officials.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor