China s economic growth this year might be only half of what the International Monetary Fund is predicting, owing to a huge shake-out in the country s property sector, weak foreign direct investment and other structural problems, according to the founder of a U.S.-based think tank that studies China.
Questionable data supplied by Beijing to the International Monetary Fund leads to an inaccurate and inflated projection, according to research group founder.
China has been trying to woo back foreign investors and businesses after nearly three years of self-imposed isolation, but a quick economic recovery will also hinge on domestic consumption.