Avoiding a Hard Landing in China, Markus Rodlauder
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Avoiding a Hard Landing in China
August 07, 2014
Construction of a bridge in southwest China. Many local governments reply on borrowing and real estate revenue to finance their spending, says Rodlauer (photo: Paul Souders/Corbis). |
Chinese economic growth has been slowing in recent years. If the world’s second largest economy is to achieve sustainable, long-term growth, it needs reforms to shadow banking, local government finances and the real estate sector, say IMF economists. Markus Rodlauer, IMF mission chief for China |
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