WASHINGTON, Sept 29 — The International Monetary Fund said on Thursday it sees some signs of stabilisation in China’s economy from recent data, but believes the country can...
WASHINGTON, Sept 29 — The International Monetary Fund said on Thursday it sees some signs of stabilisation in China’s economy from recent data, but believes the country can accelerate growth over the medium term if it takes steps to reform its economy to rebalance from investment toward consumer spending.
The IMF view is roughly in line with private forecasters as China’s recovery from Covid-19 lockdowns falters and a massive downturn in its property sector weighs on consumer demand. There is also a debt overhang from a decades-long infrastructure binge and depressed private firms have been reluctant to invest. Some analysts see growing risk that China will drift into an era of Japan-like stagnation with an aging population and slowing productivity growth.
Kozack said that after a major slowdown since the first quarter of 2023, “very recent data has been a bit more mixed with some signs of stabilisation”.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF sees signs China stabilising, says reforms can boost growthThe fund still believes China can achieve around 5% growth this year.
Read more »
US accuses China of global media manipulationWashington accuses China of censorship, data harvesting and covert purchases of foreign news outlets.
Read more »
US soldier Travis King in US custody after expulsion from North Korea to ChinaWASHINGTON/SEOUL, Sept 27 — Private Travis King, the US soldier who ran into North Korea in July, is in US custody after being expelled by North Korea into China, US officials...
Read more »
Fuel prices Sept 28 - Oct 4: Unchanged across the boardKUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05 and RM2.15 per litre, respectively, for the period from Sept 28 to Oct 4.
Read more »
IMF fails to agree with Sri Lanka during 1st review of bailoutColombo’s revenue mobilisation gains are expected to fall short of initial projections by year-end.
Read more »
Repair work on P. Ramlee's Penang house to start Sept 28GEORGE TOWN: The roof and ceiling of the house where the late Tan Sri P. Ramlee was born, located in Jalan P. Ramlee here, has almost caved in due to a leakage problem.
Read more »