China must speed up economic reforms while it still has a buffer of stable growth, the International Monetary Fund warned in its annual review of the world’s second-largest economy.
“Reform progress needs to accelerate to secure medium-term stability”, and to lower the risk of a “sharp adjustment”, the IMF said in its Article IV report on Wednesday.
However, the IMF acknowledged that “some near-term risks had receded” as a result of continuing tightening in the financial and housing markets.
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