IMF: China's growth sustainable

The International Monetary Fund released its biannual world economic report in which it stated that China could maintain 6-9% GDP growth, but that structural reform was of paramount importance to sustainability. The report said that China's continued growth would primarily benefit itself, but that other countries would largely benefit from cheaper labor-intensive imports and increased mainland imports of skill-intensive services and products. The report also stressed that a freer financial market would allow more credit to flow to the mainland.