China has scope to ramp up stimulus, fix property woes, IMF says

WASHINGTON, April 24 (Reuters) - China needs to do more to address its property-sector problems and has scope to provide more stimulus to boost consumption, Krishna Srinivasan, director of the International Monetary Fund's Asia and Pacific Department, said on Thursday.

"More needs to be done on the property sector," as well as on reforming the country's pension system, Srinivasan told a news conference.

"We believe they have space in near term," Srinivasan said when asked whether China has room to ramp up stimulus, though he said any steps must be offset by fiscal consolidation measures in the medium term.