China at ‘fork in the road’ on reforms to boost demand, IMF head says

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Kristalina Georgieva, managing director of the International Monetary Fund: With a 'comprehensive package of pro-market reforms', China can add 20 per cent or $3.5 trillion (€3.2 trillion) to its economy over the next 15 years. Photograph: Wu Hao/EPA China’s economy is at a “fork in the road” where it must choose between past policies or “pro-market reforms” to unlock growth, International Monetary Fund managing director Kristalina Georgieva said on Sunday, as calls grow for Beijing to do more to boost domestic demand. Speaking at China’s flagship international business conference in Beijing, Ms Georgieva said the global economy showed remarkable resilience...