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Letters to the editor May 31 2024 | Newcastle Herald

Letters to the editor May 31 2024 | Newcastle Herald
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NSW delays Eraring closure, health concerns rise | Newcastle Herald

NSW delays Eraring closure, health concerns rise | Newcastle Herald
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IMF ups China s 2024 GDP forecast, urges focus on market-oriented reforms at July s third plenum

IMF ups China s 2024 GDP forecast, urges focus on market-oriented reforms at July s third plenum
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IMF revises China s GDP to 5% this year; growth may decelerate to 3 3 per cent by 2029, says Gita Gopinath

The 5 per cent growth revision by the International Monetary Fund (IMF) is in line with the target set by the Chinese government for the world s second-largest economy which is grappling with a slowdown triggered by the crippling property sector crisis and industrial overcapacity.

Steve barnettGita gopinathPeople bankChina article iv missionInternational monetary fundParty of chinaFirst deputy managing directorDeputy managing director gita gopinathCommunist partyChinese president xi jinpingPresident xi jinping

IMF Projects Resilient But Slowing Growth for China Amid Economic Reforms

The IMF has revised China's economic growth forecast to 5%, aligning with government projections. However, growth is expected to slow to 3.3% by 2029 due to ageing and slower productivity. The IMF advises structural reforms and boosting productivity to sustain growth, focusing on consumption and market reforms.

Gita gopinathSteve barnettPeople bankInternational monetary fundParty of chinaDeputy managing director gita gopinathCommunist partyChinese president xi jinpingPresident xi jinping