{"id":43456,"date":"2023-11-07T09:02:02","date_gmt":"2023-11-07T09:02:02","guid":{"rendered":"https:\/\/prosfunds.com\/news\/imf-boosts-china-economic-growth-forecast\/"},"modified":"2023-11-07T09:02:07","modified_gmt":"2023-11-07T09:02:07","slug":"imf-boosts-china-economic-growth-forecast","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=43456","title":{"rendered":"IMF boosts China economic growth forecast"},"content":{"rendered":"
\n

The International Monetary Fund on Tuesday upgraded its view of China\u2019s economy, citing a better-than-forecast performance as well as moves to bolster its ailing property market.<\/p>\n

The IMF lifted its view on China\u2019s growth for this as well as for next year by 0.4 percentage points, taking its GDP view for 2023 to 5.4% growth and its 2024 GDP view to 4.6% growth.<\/p>\n

\n

\u201cThe authorities have introduced numerous welcome measures to support the property market, but more is needed to secure a quicker recovery and lower economic costs during the transition. A comprehensive policy package should include measures to accelerate exit of nonviable property developers, remove impediments to housing price adjustment, allocate additional central government funding for housing completion, and assist viable developers to repair balance sheets and adapt to a smaller property market,\u201d said a statement from the IMF\u2019s first managing director, Gita Gopinath.<\/p>\n

The Chinese stock market has underperformed rivals this year on concerns about the property sector and the country\u2019s slow rebound from COVID-19. The Shanghai Composite
\n CN:SHCOMP
\n has declined 1% this year, and the Hang Seng
\n HK:HSI
\n has dropped 10%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund on Tuesday upgraded its view of China\u2019s economy, citing a better-than-forecast performance as well as moves to bolster its ailing property market. The IMF lifted its view on China\u2019s growth for this as well as for next year by 0.4 percentage points, taking its GDP view for 2023 to 5.4% growth […]<\/p>\n","protected":false},"author":1,"featured_media":43457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-43456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\nIMF boosts China economic growth forecast | Prosfunds<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund on Tuesday upgraded its view of China\u2019s economy, citing a better-than-forecast performance as well as moves to bolster its\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=43456\" 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