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Articles from Caixin Global

Guns, Germs, and Greening Mean More Government Spending

A Reality Check on the Yuan’s Prospects as a Global Currency

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Macroeconomics

<ul><li>The International Monetary Fund (IMF) raised its estimate for China’s GDP growth this year to 5.2% from a 4.4% projection made in October</li><li>The expected rebound will moderate in 2024 however, with the pace of expansion slowing to 4.5% before settling at under 4% over the medium term amid shrinking business dynamism and slow progress on structural reforms</li><li>China’s GDP rose 3% in 2022, the first time in over four decades that the country’s growth fell below the global average according to the IMF.</li></ul>

The International Monetary Fund (IMF) raised its estimate for China’s GDP growth this year to 5.2% from a 4.4% projection made in OctoberThe expected rebound will moderate in 2024 however, with the pace of expansion slowing to 4.5% before settling at under 4% over the medium term amid shrinking business dynamism and slow progress on structural reformsChina’s GDP rose 3% in 2022, the first time in over four decades that the country’s growth fell below the global average according to the IMF.

IMF Raises China’s 2023 Growth Forecast to 5.2% as Economy Reopens