China's central bank policies appropriate: IMF

Beijing

THE International Monetary Fund (IMF) said that the current easing monetary policies implemented by China's central bank were appropriate but that Beijing must push ahead with further reforms, especially in the state-owned sector.

After its annual Article IV consultation mission to China, the IMF said that the Chinese economy this year was on track to grow 6.8 per cent.

The fund expects gross domestic product (GDP) growth to further slow to 6.25 per cent in 2016.

"Our assessment is that the macro-policy stance is appropriate and consistent with the annual growth and inflation outlook," David Lipton, the IMF's first dep…