Business · Trade · 7 hrs ago

IMF urges China to shift course as exports gain global market share

IMF urges China to shift course as exports gain global market share

China’s industries are gaining market share in global trade.

At the same time, people in China are spending little, according to the report.

This means export strength is not matched by strong domestic demand.

The International Monetary Fund is calling for China to change course.

The concern is that the imbalance between exports and spending at home will continue.

The report does not specify what changes the IMF wants or what China will do next.

Sources

Related news