Lagarde calls for China to pursue a looser monetary policy
International Monetary Fund (IMF) chief executive, Christine Lagarde, has called for China to pursue a policy of monetary expansion accompanied by broader market liberalisation and a strengthening of regulatory frameworks so that the country can play a leading role as a driver of future economic growth.
The limited exposure of China's banks to the toxic assets that afflict many Western financial institutions has provided the country with an opportunity to develop its domestic markets. This
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