Head of the IMF. In late 2025 she said China's real exchange-rate depreciation had "worsened external imbalances", and urged the country to rebalance its economy by boosting domestic consumption. Pierre-Olivier Gourinchas, the IMF's chief economist, urged China to spend more on cleaning up the property sector and less on manufacturing subsidies.
I can't understand why people are frightened of new ideas. I'm frightened of the old ones.