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IMF raises China growth forecast, urges faster reforms and curbing of debt

Last year's growth was the slowest in quarter of a century

AFP | PTI  |  Beijing 

China must quicken the pace of reforms and do more to curb rising debt, the International Monetary Fund (IMF) said on Wednesday as it raised its growth forecast for the world's second-biggest economy. The IMF expects China to expand by 6.7 per cent this year, faster than its previous estimate of 6.6 per cent due to expanding credit and investment. That would match last year's growth rate, which was the slowest in a quarter of a century. The economy is then expected to slow to an average of 6.4 per cent expansion between 2018 and 2020. After years of blistering growth, ...

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First Published: Wed, June 14 2017. 18:23 IST
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