IMF sees China’s growth slow­ing to 6% by 2017

China Daily (Canada) - - NEWS CAPSULE -

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.

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