IMF urges China to speed up economic reforms

Global Business

The International Monetary Fund is urging China to speed up economic reforms or face a major slowdown.

In an annual report, the IMF says China’s economy will slow to 7.1 percent growth next year, and will continue to lose momentum in the next decade — and that’s if the government does not push hard for financial reform and free up the exchange rate in the next two years.

Overall the report took a positive stance on China’s current reform efforts. But it argued policymakers should shift the focus away from growth, and do more to tackle the country’s debt problems and struggling property market.

For more on the IMF’s China report, CCTV America’s Esther Zou spoke with Markus Rodlauer, the IMF’s deputy director and the writer of the report.

IMF urges China to speed up economic reforms

IMF urges China to speed up economic reforms

The International Monetary Fund is urging China to speed up economic reforms or face a major slowdown. In an annual report, the IMF says China's economy will slow to 7.1 percent growth next year, and will continue to lose momentum in the next decade. That's if the government does not push hard for financial reform and freeing up the exchange rate in the next two years. Overall the report took a positive stance on China's current reform efforts. But it argued policymakers should shift the focus away from growth, and do more to tackle the country's debt problems and struggling property market. For more on the IMF's China report, CCTV America's Esther Zou spoke with Markus Rodlauer, the IMF's deputy director and the writer of the report.

Also, Chinese stocks have been the unlikely out-performers in recent weeks as more investors bet the economy’s going to pick up steam.

To further focus on the recent gains in the China’s stock market, CCTV America spoke to Anthony Chan, Managing Director and Chief Economist for JPMorgan’s Chase Private Client.

Focus on the recent gains in China's stock market

Focus on the recent gains in China's stock market

To further focus on the recent gains in the China's stock market, CCTV America spoke to Anthony Chan, Managing Director and Chief Economist for JPMorgan's Chase Private Client.