IMF out with their view on China
- Expects GDP of 6.25% in 2016
- Sees Chinese inflation of 1.5% for 2015
- Labour market still supporting consumption
- Still faces risks from unsustainable credit investment growth
- Should reduce credit and investment vulnerabilities if 2015 GDP can exceed 7.0%
- Should ease fiscal policy if GDP falls below 6.5%
- Fiscal policy best tool for China to achieve economic targets
- Yuan is no longer undervalued
- Should aim to achieve an effective floating exchange rate within 2-3 years
Anyone else want to pop up on the wires before I've had a sip of my tea? :-D