IMF released a statement on the preliminary findings after Article IV mission to China. There IMF noted that China’s growth is expected to weaken only slightly to 6.6% in 2018. Growth would moderate gradually to around 5.5% by 2023.
IMF staff welcome the government’s strategy to “more decisively shift the policy focus from high-speed to high-quality growth”.
The goal would be “greatly helped by accelerating reforms in many areas, including de-emphasizing growth target, further reining in credit growth, boosting consumption, allowing market forces a more decisive role, deepening opening up and modernizing policy frameworks.”
