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BEIJING Breaking News: IMF Says China Needs Reform Package to Keep Growth Success Going

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BEIJING Breaking News: IMF Says China Needs Reform Package to Keep Growth Success Going

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BEIJING Breaking News: IMF Says China Needs Reform Package to Keep Growth Success Going

Wochit 1:06 mins

China needs another round of "decisive measures" to make sure it continues its successful economic growth as its margins of safety are falling amid growing domestic problems, the International Monetary Fund said in its latest report. G20 summits don't always set the pulse racing but this week's gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets. The policymakers meet at a sensitive time with the U.S. Federal Reserve intent on slowing, then exiting a bond-buying program that has been creating $85 billion a month, and Beijing trying to rebalance the world's most dynamic economy. Analysts said China's notably slower growth in the second quarter of the year demonstrated Beijing's new commitment to overhauling the economy. China?s economy grew 7.5 percent in the second quarter of this year.

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