The International Monetary Fund (IMF) has projected China’s economy will grow 4.5 per cent this year, up 0.3 percentage points from its October forecast, supported by exports and fiscal stimulus.
However, the IMF warned that weak domestic demand and property sector challenges persist, urging stronger social spending and reforms to shift growth toward consumption and reduce reliance on exports.
However, the IMF warned that weak domestic demand and property sector challenges persist, urging stronger social spending and reforms to shift growth toward consumption and reduce reliance on exports.
