The International Monetary Fund upgraded its projections for China’s annual economic growth this year and next as the nation recorded a stronger-than-expected performance in the third quarter and Beijing rolled out policies to support the recovery. The IMF expects China’s gross domestic product to expand 5.4% in 2023 and 4.6% in 2024, according to its Article IV Mission statement published Tuesday. Those are each 0.4 percentage points higher than the Fund’s prior projections in October. The institution noted, however, that the slower growth next year will likely be due to ongoing risks from the property slump and ... (full story)