By Andualem Sisay Gessesse (Marrakech, Morocco) – The International Monetary Fund (IMF) advices China to change its development model from export oriented to domestic market, from investment to consumption, and from infrastructure investment to innovation. “In our view the course China has to take should be informed by consideration of growth, stability, and innovation. Growth: China has been extremely successful in terms of its growth model which has delivered a run of growth for more than 40 years which is one of the best runs of growth on economic record. It has become one of the two largest economies in the world,” said“So, the IMF has been saying for many years that the growth model in China has to change. He stated that the current property and real estate challenges in China call for very significant restructuring.

Source: News Business Ethiopia October 12, 2023 04:19 UTC