IMF: No serious asset bubble in China

08:43, January 27, 2010      

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The International Monetary Fund does not see a serious risk of a market bubble in China, a senior IMF official said Tuesday.

"Asset prices in some specific sectors in some specific regions of China may be frothy but there is certainly no widespread asset bubble," Jorg Decressin, chief of the IMF's world economic studies division, told a news conference in Washington DC.

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