BEIJING — China needs to "accelerate" support for domestic consumption and reduce its reliance on exports for growth, International Monetary Fund Managing Director Kristalina Georgieva has said.
"As the second-largest economy in the world, China is simply too big to generate much growth in exports and continuing to depend on export-like growth risks [and] furthering global trade tensions," Georgieva told reporters Wednesday.
She said the country has to "accelerate" its decades-long plan to shift away from relying on exports for growth, adding it would be "beneficial for China, it is beneficial for the world economy."
She said this change was "so as not to provoke other countries to take measures to curb down Chinese exports."
Her comments came as trade tensions between China and the U.

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