INSUBCONTINENT EXCLUSIVE:
dwindling international demand.This is what the International Monetary Fund (IMF) said today.The forecasts for both this year and next are
They said China did better than expected in the last part of the year
By 2028, it might be around 3.5%
This is because of low productivity and more older people.In recent years, China has grown because it borrowed a lot of money
Revised Upward Despite Future Challenges
But the challenge is to avoid economic costs and keep the financial system stable.More is needed for a faster recovery and to cut costs
The IMF says China should stop supporting failing businesses.They should let house prices change more
finances.Risks Are Still GrowingAlso, Gopinath asked Beijing to change how it handles money and fix its accounts
IMF thinks these semi-public groups owe about 9 trillion dollars
economic policies to boost activity
This includes spending more government money on people.They should also lower interest rates and let the value of their money, the yuan,
change more freely.Lastly, Gopinath wants China to show it supports international trade
They should help to reduce tensions by trading and investing more fairly.They should cut down on trade barriers and not follow national
