David Lipton, second in command at the International Monetary Fund, says China should look to create long term financial stability rather than looking to gain the fastest growth. Mr Lipton says that China should look to strengthen weak links in the economy while still achieving a medium-pace growth, ensuring better sustainable growth. He also said that one area that the nation could do better is to find ways to increase household incomes and grow domestic spending. This would in turn help boost the yuan in the medium term. Read the full story.
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