IMF: China should cool credit use

Debt 'manageable', but plan to double economy's size has risks, report says

The International Monetary Fund spoke positively on Wednesday of China's efforts to rein in its rapid credit growth but called for more action to reduce the associated financial vulnerabilities, as the issue is still "very manageable".

In its latest Global Financial Stability Report, the IMF said the world's financial system has become safer and more stable since its last assessment in October.