IMF warns of 'disorderly correction' if China reform slows

The IMF warned that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth if its reform program slows. Presenting its annual assessment of China, the International Monetary Fund on Friday expressed satisfaction with its transition to a more market-oriented economy. "The faster the progress, the sooner the benefits will materialize," said Markus Rodlauer, head of the IMF mission to China and one of the authors of the rev