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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

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.


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