The International Monetary Fund called for China to continue its tightening policies and allow its currency to appreciate to ward off risks from a potential property bubble and unpredictable inflation, Reuters reported. In its annual report on the Chinese economy, the IMF said the renminbi was undervalued by somewhere between 3% and 23% and, while a higher renminbi would have limited impact on the global economy, it was vital to rebalancing demand within China. A separate survey by the IMF showed that the primary issue of concern among China’s trading partners was not its currency but the prospect that continued high investment could lead to excess capacity and unsustainable growth, precipitating a hard landing that could trigger a global slowdown. The IMF’s annual report was the first that China had published since 2006, the BBC reported; China had previously blocked the report’s release because it objected to recommendations that it should strengthen its currency. China is not the only country to refrain from publishing the reports: In 2009, only about 88% of IMF annual reports were actually published.