The China' yuan currency is "moderately undervalued" against a broad basket of currencies, David Lipton, deputy managing director of the International Monetary Fund said Friday.
According to IMF, the external rebalancing so far has come in large part with an increasing reliance on investment. The lender called for reforms to achieve quality growth that relies less on investment.
Measures should be taken to raise household income, liberalize the financial system, appreciate the exchange rate and increase the cost of various inputs to production, Lipton said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.