IMF suggests flexible rates for China

In its most recent report on the Chinese economy the International Monetary Fund warned that a "soft landing is not yet assured" and recommended the introduction of a more flexible exchange rate quickly.

The IMF praised China's efforts in curbing foreign investment and in lowering inflation but recommends that "in view of the present favourable circumstances, it would be advantageous for China to make a move towards initial exchange rate flexibility without delay".

Inflation in China has been p

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