BRICSPost: IMF revises stance on China’s growth prospects

2012: What's the 'real' truth?

Why is it we are always hearing vaguely about China’s imminent financial problems? ~J

September 24, 2014, 5:38 pm

Chinese authorities have ruled out major stimulus to fight short-term dips in growth, indicating the slowdown was an expected consequence of their reform drive [Xinhua]

The International Monetary Fund on Wednesday said China’s economy will likely grow faster in 2015 than previous estimates. The global lender says the country’s growth will likely be “well above” 7 per cent next year.

The comments suggest a possible upgrading of the IMF’s upcoming forecast for the country for 2015 from its 7.1 per cent estimate made in July. The IMF has a 7.4 per cent growth forecast for China for this year, slightly below the government’s official target of 7.5 per cent.

At the same time, the IMF also says it doesn’t expect China’s cooling property market to become a serious problem and sees “a gradual adjustment” rather than a hard landing.

Chinese authorities have ruled out major stimulus to fight short-term dips in growth, indicating the slowdown was…

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