IMF says China property sector poses near-term growth risks

BEIJING Thu Jul 31, 2014 12:42am EDT

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BEIJING (Reuters) - Weakness in China's real estate sector poses near-term risks for the world's second-largest economy, a senior International Monetary Fund (IMF) official said on Thursday.

Near-term risks in China's economy remained manageable due to the government's policy buffers, Markus Rodlauer, deputy director of the IMF's Asia Pacific Department and the fund's mission chief for China, told reporters.

However, he said it was increasingly urgent for the government to push economic reforms because the current path of growth was unsustainable.

(Reporting by Kevin Yao and Pete Sweeney; Editing by Paul Tait)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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