RTTNews - The International Monetary Fund in a report on Wednesday said it supported the fiscal support given by the Chinese economy to boost internal demand, as it believed the uncertain pace and timing of the global recovery would make it harder for global economies to absorb the excess production capacity from China.
At the same time, the IMF sees further room for policies in China to rebalance its growth and reduce its dependence on exports and high level of investment. This, alongside efforts by other countries, would also help reduce global current account imbalances, the IMF said.
The IMF also sees further room for a targeted, additional stimulus aimed at increasing private consumption, and called for the fiscal support to be maintained in 2010.
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