Alfred Schipke suggest move away from quantitive targets to economic projections and greater attention to ‘soft’ infrastructure
China should shift away from quantitative targets in favour of economic projections, and turn more attention to building so-called soft infrastructure to guide the functioning of the markets, the International Monetary Fund (IMF)’s China representative said in Beijing yesterday.
The country was now at a “critical juncture” in its economic transformation as old drivers returned last year to ensure its annual growth target, said Alfred Schipke, the IMF’s senior resident representative to China.