On the Bloomberg & Reuters:
- IMF reiterates China 2014 GDP growth forecast at 7.4 pct, 2015 GDP growth at 7.1 pct
- Appropriate for China to set 2015 GDP growth target at 6.5-7 pct
- Some directors feel an even lower 2015 GDP growth target is appropriate for China
- China should not deploy broad stimulus unless GDP growth well under target level
- Reiterates that yuan is “moderately undervalued”
- Property is biggest near-term China economy risk
- Full implementation of 3rd Plenum reform agenda will secure more balanced, sustainable growth in China
- China ready to deploy targeted growth measures if needed