IMF's Prasad on growth and stability in China

In a speech on 'Growth and Stability in China: Prospects and Challenges' given on 17 April, Eswar Prasad of the IMF said what Chinese policymakers need is a potent set of tools to create the sort of economic transformation that would prepare China for moving to the next stage of its development.

"For instance, creation of a broad and efficient social safety net will be important to ease the social costs of enterprise restructuring and would also be useful in promoting the inter-sectoral

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