The IMF's Deputy Managing Director David Lipton has pressed China to lower its growth target next year to 7% as a result of reforms that can reduce its size in the near term. China has already set a growth target of about 7.5% for this year, compared with 7.7% last year. The IMF and many Chinese economists think that the current Chinese growth model has become counterproductive, even leading to heavy pollution and financial weakness.
Source: Seeking Alpha
Source: Seeking Alpha
