Blog2010ray2: China economic risks significant, warns the IMF | The Australian

Wednesday, July 20, 2011

China economic risks significant, warns the IMF | The Australian

China economic risks significant, warns the IMF | The Australian

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RAYLOKEJuly 20, 2011 at 9:26 PM
China's representative to the IMF, He Jianxiong, sharply disagreed with a number of IMF's conclusions -- including its assessment of the currency. He said that one reason that China's reserves have grown to more than $US3 trillion ($2.8 trillion) is that central banks in the US and Europe have kept interest rates so low that capital has surged into emerging markets.
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