The Fund is aimed at China

Meeting Monday in Washington, the directors of the International Monetary Fund (IMF) has called on China to rebalance its growth. It is now driven by exports and investment, and little by domestic demand. Even if the consumption figures were revised upwards for 2009, growth in domestic demand remains a key challenge for the government, with control of inflation in property prices. In this regard, the IMF welcomes the measures taken by Beijing and noted that "additional measures may be needed to address this problem at its root.

Some members of the IMF estimate that a stronger currency would help China to rebalance its growth, expected by the institution in 2010 to 10.5% and 9.6% in 2011. Economists have however been divided on the issue of undervaluation of the yuan.In fact, six weeks after announcing the easing of exchange rate policy, China continues to monitor closely the movements of its currency, which gained less than 1% against the greenback.

The end of the docking of the renminbi to the dollar opened, at least, the prospects in Shanghai as an international financial center potential. Guangdong Development Bank, based in Canton, bet on this option and will move its bond traders and exchange rate regime in the economic capital of China.

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