The International Monetary Fund said in its Wednesday report that China should initiate another round of effective economic reforms to sustain its growth, as domestic risks to the economy grow, Reuters reported. The IMF hasn't changed its latest forecast for 2013 growth in China of 7.75%, though it noted downside risks to the forecast. The body also suggested prioritizing broader credit growth and financial risks prevention in the near term as China's consumption driving measures turned out to be unproductive.
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