IMF Says China’s Reform Measures Effective, Refrain From Stimulus

%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20International%20Monetary%20Fund%20says%20measures%20taken%20by%20the%20Chinese%20government%20to%20combat%20a%20slowdown%20in%20growth%20are%20effective.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EMarkus%20Rodlauer%20is%20the%20deputy%20director%20of%20the%20Asia%20and%20Pacific%20Department%20for%20IMF.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22We%20have%20seen%20over%20the%20last%20year%2C%20a%20very%20important%20impact%20of%20reform%20measures%2C%20both%20in%20the%20financial%20sector%20but%20also%20in%20the%20real%20economy.%20And%20that%20is%2C%20we%20have%20seen%20a%20slowing%20of%20credit%20growth.%20We%20have%20seen%20some%20slow%20down%20of%20the%20economy%20of%20investment%20growth%20and%20in%20some%20sense%2C%20we%20feel%20that%20is%20good%20because%20it%20shows%20that%20the%20measures%20that%20were%20implemented%20by%20the%20central%20bank%2C%20by%20the%20local%20governments%20in%20investment%2C%20have%20actually%20started%20to%20become%20effective.%22%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20comment%20was%20made%20after%20the%20IMF%20published%20the%202014%20Article%20IV%20Consultation%20with%20the%20People%27s%20Republic%20of%20China.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20international%20lender%20also%20urged%20China%20to%20set%20an%20economic%20growth%20target%20of%206.5-7%20percent%20for%202015%20and%20refrain%20from%20stimulus%20measures%20unless%20the%20economy%20threatens%20to%20slow%20sharply%20from%20that%20level.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20IMF%20repeated%20its%20projection%20that%20economic%20growth%20would%20dip%20to%207.4%20percent%20this%20year%2C%20and%20decelerate%20further%20to%207.1%20percent%20next%20year.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28CRI%20English%29%3C/FONT%3E%3C/P%3E