David Lipton, the International Monetary Fund’s firs

 dep上海千花网品茶微信uty managing director, said: ” (China’s) Credit

growth and corporate debt have been reduced thanks to concerted efforts to strengthen fina

ncial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”

His statement came after the IMF published a report forecasting that China’s economic growth is expected to mod

erate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions rem

ains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.

After a half-month visit to China, a team from the IMF, led by Asia and Pacific Depar

tment Deputy Director Kenneth Kang, summarized that “China can play an important role and would benefit fro

m further opening up and other structural reforms that enhance competition.”

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