China needs reforms to maintain robust growth, IMF warns

Fund urges Chinese policy-makers to tackle productivity slowdown and financial risks


China will need to re-accelerate structural reforms to keep growth momentum going, the International Monetary Fund warned on February 3.

The IMF has revised upwards its latest forecasts for China’s growth in 2023 to 5.2%, from its 4.4% estimate in October, citing a rebound in private consumption amid the country’s earlier-than-expected reopening. The latest projection marks an increase from a 3% growth estimate for 2022.

But in its annual country report on China, the IMF said the economy’s

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