IMF predicts 7.75-pct growth for China’s economy in 2013

Xinhua Net

The International Monetary Fund (IMF) said Wednesday that the Chinese economy is expected to grow by around 7.75 percent this year despite weak and uncertain global conditions. The IMF's first deputy managing director David Lipton made the remarks at a press briefing held after the completion of the 2013 Article IV Consultation Discussions with China. Economic growth should pick up moderately in the second half of the year after credit expansion gains traction, Lipton said, adding that the prediction is in line with an expected mild pick-up in the global economy.

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