The IMF published a report according to which China's economy will grow by 6.8% in 2015. The next year is projected further slowdown to 6.25%. The report had indicated the risks associated with the slowdown in lending and investment. The organization urged the government to reforms, including a flexible yuan exchange rate. We recall that manufacturing activity in China continues to slow down, but investors continue to buy Chinese stocks due to expectations of additional stimulus from the government and the liberalization of foreign investment. We keep medium-term positive outlook for the Chinese market, but note the risk of a sharp fall on the markets in the long term.