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Senior IMF official challenges market pessimism on China

He acknowledges that China is slowing down, but says the slowdown is within IMF's expectations

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Just as China's growth rate cannot be expected to stay above 10 per cent as it did in previous years, people shouldn't expect its raw-material imports to clock double-digit growth, Mr Rhee said.

Lima, Peru

CHINA'S economic slowdown has so far been in line with the expectations of the International Monetary Fund (IMF), and markets may be over-reacting in their bearish assessment of the country's economic and exchange-rate prospects, a senior IMF official has said.

Changyong