Publication Date:
Tue, 2012-01-31 13:46
"China can move away from its reliance on external demand and needs to build up domestic demand," said Anoop Singh, the IMF director for Asia and the Pacific at a news conference.
He said Beijing was working on measures to stimulate demand.
"We don't see (a) hard-landing risk as likely," Singh added, noting property prices were moderating and sales volumes declining.
"Our sense is that these risks are being addressed and our prediction is clear: that growth will remain above 8 percent at the baseline and that if there were to be greater risks externally China has sufficient fiscal space to respond."
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