IMF urges Beijing to move ahead with flexible exchange rates and economic reform


The International Monetary Fund urged Beijing on Wednesday to resume progress towards a flexible exchange rate, in a subtle criticism of China’s recent interventions in support of the yuan currency.
The IMF also said China should speed up reforms to ward off financial risks, after two weeks of discussions with Chinese officials during its annual review of the health of the world’s second-largest economy.
David Lipton, first deputy managing director of the fund, said in a statement…

Wendy Wu

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