The International Monetary Fund (IMF) raised its growth estimate for China for the second time this year, while also cautioning that deep reforms are still needed to break away from debt-fueled expansion. The world’s second-largest economy will expand 6.7 per cent in 2017, the Washington-based fund said in its annual report on Article IV consultations published on Wednesday. That’s up from a 6.6 per cent estimate in the economic outlook released in April and 6.5 per cent forecast in January. It’s unusual for the IMF to update forecasts outside of its ...
IMF lifts China growth estimate to 6.7%
The world's second-largest economy will expand 6.7 per cent in 2017, says IMF
Bloomberg Last Updated at June 15, 2017 02:26 IST