The International Monetary Fund raised its estimate for China growth to 2020 to 6.4% from 6.0% previously (Greg had more here)
But, in doing so it warned growing debt is on a "dangerous trajectory" (and more here via the BBC):
- there is increasing risk of a "disruptive adjustment" and/or a marked slowdown in economic growth"
- IMF wants the credit boom deflated smoothly
I'll be watching for responses from China, which could impact AUD today.
