The International Monetary Fund criticized China’s economic policies, saying they were creating domestic waste and negative impacts on trading partners.
competitive advantage
In a statement released by the fund’s board during its annual “Article 4” consultations, he called on the Chinese government to move to a growth model based on domestic consumption, rather than heavy dependence on exports.
According to the statement, the fund believes that the depreciation of the renminbi exchange rate is giving Chinese exports a competitive advantage and estimated that the renminbi is undervalued by about 16%.
innovative ability
The International Monetary Fund kept its forecast for China’s economic growth rate unchanged at 4.5% this year, but warned of weak domestic demand and the risk of a global economic slowdown.
Meanwhile, the Fund’s Chinese representative rejected these criticisms, stressing that export growth in 2025 will be due to the competitiveness and innovative ability of the Chinese economy.
The International Monetary Fund criticized China’s economic policies, believing them to cause domestic waste and negative impacts on trading partners.
competitive advantage
In a statement issued during the annual Article 4 consultations, the fund’s board urged the Chinese government to move to a growth model based on domestic consumption, rather than excessive dependence on exports.
The fund said in a statement that the weaker renminbi is giving Chinese exports a competitive advantage, and estimates that the yuan is undervalued by about 16%.
innovative ability
The International Monetary Fund maintained its forecast for China’s economic growth this year at 4.5%, but warned of risks from weak domestic demand and a global economic slowdown.
In contrast, the Fund’s China representative rejected these criticisms and argued that export growth in 2025 will be due to the competitiveness and innovative capacity of the Chinese economy.
