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IMF raises China 2017 growth forecast again, partly due to 'policy support'

Reuters  |  BEIJING 

By Sue-Lin WongBEIJING (Reuters) - The International Monetary Fund on Wednesday raised its forecast for China's 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment". In April, the IMF hiked its forecast for this year to 6.6 percent from January's 6.5 percent, which was 0.3 percentage points above the previous projection. China's economy grew a faster-than-expected 6.9 percent in 2017's first quarter, well above the government's target of around 6.5 percent for the full year. The IMF said it now expects ...

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First Published: Wed, June 14 2017. 14:55 IST