Chinese growth likely to slow to 3.5% by 2028, says IMF
State officials reject institution’s findings, claiming economic trajectory is positive and risks manageable
The International Monetary Fund (IMF) has warned that China’s economic slowdown is likely to continue for the next four years.
In its annual report on China, the IMF says the country’s “impressive growth has been accompanied by widening imbalances and rising vulnerabilities”. It cited the country’s shrinking population, slower productivity growth and the ongoing crisis in its property sector.
However, Zhengxin Zhang, the institution’s executive director for China, rejected the assessment. In a
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