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    IMF: China needs to focus more on credit growth Dhwani Mehta

    Speaking in Beijing, the International Monetary Fund (IMF) deputy MD Lipton commented on the Chinese economy and added that the country’s corporate debt is rising at a quicker pace.Key Quotes:Needs to focus more on credit growthNeeds to address complex financial systemModerate slowdown in growth is a natural result of China's necessary transition to s sustainable growth pathCurrent level of NPLs at Chinese banks is manageableYuan exchange rate becoming more flexible and market-basedCorporate debt is high and rising fast, need concrete plan to address this

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