The International Monetary Fund (IMF) has released its final report for China's 2024 Article IV Consultation, highlighting the remarkable resilience of the Chinese economy. With a projected GDP growth of 5 percent in 2024 and 4.5 percent in 2025, China is set to meet its economic targets for the coming years.
The IMF report emphasizes that China's 2024 GDP growth aligns broadly with the country's ambitions, signaling strong economic health. Additionally, inflation is expected to increase gradually as the output gap narrows and the effects of lower commodity prices diminish. This positive outlook underscores China's ability to sustain growth amidst global economic challenges.
Reference(s):
cgtn.com
