IMF Lifts China Growth Forecasts Through 2024 on Stimulus
- Beijing’s new sovereign debt sale will boost economy, IMF says
- IMF calls for more flexible yuan, property market measures
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The International Monetary Fund upgraded its projections for China’s annual economic growth this year and next as the nation recorded a stronger-than-expected performance in the third quarter and Beijing rolled out policies to support the recovery.
The IMF expects China’s gross domestic product to expand 5.4% in 2023 and 4.6% in 2024, according to its Article IV Mission statement published Tuesday. Those are each 0.4 percentage points higher than the Fund’s prior projections in October.