The International Monetary Fund (IMF), one of the chief instruments of global capital, has been calling on China for some time to reorient its economic policies and reduce its reliance on exports, with the implied threat there will be retaliation from other major powers if it does not do so.
IMF calls on China to restructure its economy
by Nick Beams
Following last year’s record Chinese trade surplus of $1.2 trillion, the latest IMF report on China released earlier this week was more specific on what it considers needs to be done.