China’s economy is projected to grow by 5 percent in 2024 and 4.5 percent in 2025. These reflect upward revisions of 0.4 percentage points for both years compared to the April WEO projections, driven by strong Q1 GDP data and recent policy measures. Core inflation is expected to rise but stay low as output remaining below potential. Risks are tilted to the downside, including from greater- or longer-than-expected property sector adjustment and increasing fragmentation pressures. The immediate priorities are to adopt a comprehensive policy package to facilitate the property sector adjustment and provide adequate ... (full story)

The International Monetary Fund (IMF) says China's economy is set to grow 5% this year, after a "strong" first quarter. • Upgrading its earlier forecast of 4.6%. • For 2025 it forecasts 4.5%. • From 4.1% previously. "Strong Q1 GDP data and recent policy measures" drove the upgrades says the IMF. It forecasts growth to slow to 3.3% by 2029, citing aging and slower productivity growth. (full story)