IMF commends China for liberalisation steps
The Fund notes that achieving an effective float for the renminbi by 2018 remains a key goal
The International Monetary Fund has welcomed China's progress on the structural reform of its economy, especially the steps aimed at interest rate liberalisation and the internationalisation of the renminbi, as part of the two parties' bilateral and yearly Article IV consultation.
The IMF noted that while an effective float of the renminbi by 2018, ideally, remains a key goal, China should be careful to avoid destabilising the process of exchange rate liberalisation by trying to achieve a market
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