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China's economy on 'strong footing': IMF

Publish Date: 21/7/2011

The IMF says China's economy remains on a "solid footing", however its future success will depend on efforts to liberalise its financial system and boost domestic demand.The country's 12th five-year plan aims to create a social safety net that will allow Chinese households to spend more and save less.However, the IMF says China needs to allow its currency to appreciate further to rebalance its export-led economy.

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