WASHINGTON (Reuters) -China must rebalance its growth model towards domestic demand, which has been weak for some time due to the country’s property bust, the International Monetary Fund said on Tuesday, emphasizing a message it has long delivered to Beijing.
Gourinchas noted that China still had a lot of non-performing loans in the property sector.
He said China had been boosting production of manufactured goods, but prices were lower.
(Reporting by David Lawder and Andrea Shalal)
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