 "IMF report, china economy, child")
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 scheduled global economic outlook series, though officials
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 scheduled global economic outlook series, though officials
