IMF sees China’s growth slowing to 6% by 2017
China’s growth will slow to 6.3 percent this year and 6.0 percent by 2017, although global growth is forecast to rise to 3.4 percent in 2016 and 3.6 percent next year, the International Monetary Fund said in its World Economic Outlook update.
The IMF said China’s overall growth was evolving broadly as forecast, although there had been a faster-than-expected slowdown in imports and exports, in part reflecting weaker investment and manufacturing activity.
China’s economy grew at its slowest rate in a quarter of a century in 2015, data released on Tuesday showed. Full-year growth was 6.9 percent, just short of government expectations of 7 percent but by contrast, growth in 2014 stood at 7.3 percent.