IMF: China's inflation is not a problem protecting the banking industry still needs to raise interest rates.

<P> IMF: Chinese economy expected to continue to maintain strong growth momentum </ P> <P> IMF27 said Tuesday that China's economic recovery and the global economy of the region had a "significant and positive" spillover effects, is expected to continue to maintain strong growth momentum .. .</ P> <P> International Monetary Fund (InternationalMonetaryFund) 28 said Wednesday that China is still the better growth prospects, inflation may not be a problem now, but may be necessary to protect the banks to raise interest rates. .</ P> <P> IMF delegation to China in its annual assessment after the release of the views given. .The organization also pointed out that China should take further measures to reduce the country's enterprises in the abnormal high savings rate, and continue to phase out in 2011 stimulus. .</ P> <P> However the IMF did not assess the growth forecast for China to make adjustments, including IMF still expect China's economy in 2010 will increase 10.5%, for the most world's major economies. .IMF has also maintained its previous relevant domestic consumption will drive growth in the view of China, but international trade may put pressure on the country's economy. .</ P> <P> IMF to determine the RMB exchange rate has been substantially underestimated </ P> <P> IMF Board consideration of the 26th report of the Chinese economy greatly determine the yuan undervalued, the decision by European and American support may put pressure on China to further re- .assessment of RMB exchange rate. .</ P> <P> IMF said that despite the June upward against the dollar during the period by 0.7%, but several members of the organization that the yuan is still undervalued. .But given China's current account surplus, there is uncertainty related to projections, some governing currency issue requires careful treatment. .</ P>.