The Imf Accused China of Destroying the World Economy: What Beijing Does Wrong

ZN.UA Зеркало недели

Factuality

Ownership

The International Monetary Fund (IMF) has, for the first time, openly criticized China's economic model, calling it damaging to other countries and creating waste within the country itself. In the annual review of China's economy — the so-called Article IV Consultation — the Fund's executive directors called on Beijing to make the transition to a model oriented towards domestic consumer demand a "high priority", Bloomberg reports. A document rel…