The International Monetary Fund trimmed its growth forecast for China on Wednesday, flagged concerns about the rapid expansion in lending in the country’s vast economy and urged a “decisive” push for overhauls that it argues would put the economy on the path toward sustainable growth.
The lowered forecast — the I.M.F. shaved a quarter of a percentage point off its previous projection for 8 percent growth in China, to 7.75 percent — was the latest in a string of similar reductions by analysts in recent weeks. And although the new projection remains higher than the Chinese government’s target of 7.5 percent growth, the I.M.F.’s revision and comments underlined the challenges facing policy makers as they try to revamp the Chinese economy, the world’s second-largest, after that of the United States.
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Bettina Wassener, New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/rXh51xEoQKk/
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