In its latest outlook report on China’s economy, the International Monetary Fund (IMF) maintains China’s 2018 GDP growth forecast at 6.6 percent.
Additional Points:
GDP growth to moderate gradually to about 5.5% by 2023.
China’s credit growth remains too fast.
Monetary policy should continue to become more price-based.
Exchange rate should continue to become more flexible.
Allowing market forces a more decisive role, deepening opening up, modernizing policy frameworks would aid China in achieving higher quality growth.
Earlier today, Fielding Chen at Bloomberg Economics warned that a moderate slowdown in China is underway, as reflected by the earliest economic indicators.
Share
