Fisher Capital Management World News: China is aiding domestic consumers, says think tank

G20 leaders leave Washington on Monday after moving forward with a complex plan to rebalance the world economy and to avoid a 2007-style global financial crisis.

The IMF is attempting to guide major economies like China and India – but after the Asian financial crisis of the last decade many Asian nations are reluctant to let the IMF guide them on managing huge flows of capital into their economies, saying it would hinder rather than help.

Long Yongtu is a Chinese government official who heads a G20 institution, the G20 Research Centre.

He told the BBC’s Juliana Liu that Beijing is wary of interference from the G20 in its domestic economic policy, and is already taking steps to boost domestic consumption.

» Fisher Capital Management World News: China is aiding domestic consumers, says think tank