20 September 2019

IMF chief urges China to focus on reforms, report says

International Monetary Fund managing director Christine Lagarde on Sunday urged China to put economic reforms ahead of short-term stimulus policies, saying that investment in education and medical care will establish a more solid foundation for development, Tencent Finance news website reported Monday. Speaking at the Tsinghua University in Beijing, Lagarde urged the Chinese government to focus more on the service sector and take actions to reduce the wealth gap. She also stressed the importance of supervision for a healthy financial system, the report said.

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