IMF: China contributes to global financial stability

FILE PHOTO: The International Monetary Fund (IMF) logo in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas

WASHINGTON: China’s economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, says an International Monetary Fund (IMF) official.

“I think growth is a crucial recipe for financial stability. There cannot be financial stability without growth, it’s a super important point to make,” Fabio Natalucci, deputy director of the monetary and capital markets department at the IMF, told Xinhua.