IMF says China must work to boost domestic demand, property sector still an issue
Business
IMF says China must work to boost domestic demand, property sector still an issue
WASHINGTON (Reuters) - China must rebalance its growth model towards domestic demand, which has been weak for some time due to the country's property bust, the International Monetary Fund said on Tuesday, emphasizing a message it has long delivered to Beijing.
Gourinchas noted that China still had a lot of non-performing loans in the property sector.
