More from IMF’s Zhu Min – China can accept a GDP growth of between 7-7.5%

From the China Securities Journal (via MNI); comments in an interview from Zhu Min, vice president of the IMF and ex-deputy governor of the PBOC:

• China can accept a GDP growth of between 7-7.5%, said
• China will avoid going back to the old investment-driven growth model, particularly reducing reliance on the property sector, and push reforms to develop the economy
• Said China cannot rely over much on monetary and fiscal stimulus if it wants to realize sustainable growth
• Said the impact from Fed tapering on China should be limited but warned of possible re-pricing of China assets due to higher global interest rates