China has unsustainable growth model: IMF

The IMF says growth in China could fall to around 4% within the next decade, reports Nasdaq.

It adds this will occur “if the country doesn’t carry through on promises to remake the economy and boost the role of domestic consumption.”

Currently, it says they’re too dependent on exports and infrastructure, which won’t be sustainable. Read more.

Also check out:

China Investment Corp has new chairman

Sluggish Chinese growth puts commodities “on alert”: BMO