On the Bloomberg & Reuters:

  • IMF reiterates China 2014 GDP growth forecast at 7.4 pct, 2015 GDP growth at 7.1 pct
  • Appropriate for China to set 2015 GDP growth target at 6.5-7 pct
  • Some directors feel an even lower 2015 GDP growth target is appropriate for China
  • China should not deploy broad stimulus unless GDP growth well under target level
  • Reiterates that yuan is “moderately undervalued”
  • Property is biggest near-term China economy risk
  • Full implementation of 3rd Plenum reform agenda will secure more balanced, sustainable growth in China
  • China ready to deploy targeted growth measures if needed