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.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org