IMF Warns Of 'Bloodbath' Coming

The International Monetary Fund issued a stern warning on Monday that policy choices made by China would have "increasing implications for global financial stability." According to the

, the IMF's warnings were quite stern as the organization warns of a looming "bloodbath" if China's economy were to suffer. Any shocks to the Chinese economy would have global repercussions, the IMF further warned. In addition, the agency cautioned that the impact of future shocks will only become "stronger and wider over time." "Clear and timely communication of its policy decisions, transparency about its policy goals, and strategies consistent with achieving them will, therefore, be essential to ensure against volatile market reactions, which may have broader repercussions."