IMF's Lagarde hopes China's economic transition will be orderly

Jakarta

THE International Monetary Fund said on Wednesday it was speaking with Chinese authorities about the country's "very significant" economic transition, which it hoped would be managed in an "orderly fashion".

IMF managing director Christine Lagarde told reporters: "We are certainly talking to the Chinese authorities about their transition to a more market-determined economy, to an internationalisation of their currency."

"It's a very significant transition, one that hopefully can be managed in an orderly fashion," added Ms Lag…