IMF: global market shocks from China will only increase

By David Lawder
WASHINGTON (Reuters) – Global market spillovers from China’s economic shocks will only increase in coming years as the country’s financial influence grows and the yuan’s use as a funding currency broadens, the International Monetary Fund said on Monday.
In a portion of its latest Global Financial Stability Report, the IMF said developments in emerging markets now account for one-third to 40 percent of the variation between stock market returns and exchange