IMF Managing Director, Christine Lagarde, said in a speech in Beijing that global economy is heading towards stabilization after leaving the danger area, citing the recent progress by the euro zone and the United States.

However, she highlighted that there are still major economic and financial vulnerabilities we must confront, where the most important is the high public and private debt followed by the threat posed from the rising crude oil prices.

In a separate talk, she referred that the Chinese yuan could become a reserve currency in the future.