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China won't let regional tensions harm economic interests: IMF chief

Published on Apr 3, 2014 2:57 PM
 
Madam Christine Lagarde, the managing director of the International Monetary Fund (IMF) is hopeful that China would not allow tensions with its regional neighbours harm its economic interests. --  ST PHOTO: MELISSA SIM

Madam Christine Lagarde, the managing director of the International Monetary Fund (IMF) is hopeful that China would not allow tensions with its regional neighbours harm its economic interests.

"China has such a large economy, so many opportunities and so much to do, and I hope it focuses on that," she said in an interview with The Straits Times on Wednesday at her office in the US capital.

"When an economic power reaches the size of China and is the second largest economy in the world, it comes with responsibilities, and I think the Chinese authorities are very much aware of the responsibilities they have for their population, for their country, but also the stability of the world," she added.

She added that she was not concerned about a recent slowdown in the Chinese economy, even though the news had spooked markets and caused a drop in the price of commodities.

 
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