China's impact on advanced economies to grow, IMF warns

The IMF warned that emerging markets such as China pose a growing risk to advanced economies with events in developing economies increasingly responsible for price movements in financial markets in richer countries, the Financial Times reported. Moreover, markets were only just beginning to feel what was likely to be the growing impact of China in the years to come as its financial links with the rest of the global economy increase. The IMF’s Global Financial Stability Report warned that it is likely that China’s spillovers to global financial markets will increase considerably in the next few years.