IMF deputy MD Lipton speaking in Beijin 14 June 2016
- needs to address complex financial system
- moderate slowdown in growth is a natural result of China's necessary transition to s sustainable growth path
- current level of NPLs at Chinese banks is manageable
- Yuan exchange rate becoming more flexible and market-based
- corp debt is high and rising fast, need concrete plan to address this
IMF with their latest school report on China with a "could do better" verdict
