IMF: China’s GDP growth to moderate gradually to about 5.5% by 2023

In its latest outlook report on China’s economy, the International Monetary Fund (IMF) maintains China’s 2018 GDP growth forecast at 6.6 percent.

Additional Points:

GDP growth to moderate gradually to about 5.5% by 2023.

China's credit growth remains too fast.

Monetary policy should continue to become more price-based.

Exchange rate should continue to become more flexible.

Allowing market forces a more decisive role, deepening opening up, modernizing policy frameworks would aid China in achieving higher quality growth.

Earlier today, Fielding Chen at Bloomberg Economics warned that a moderate slowdown in China is underway, as reflected by the earliest economic indicators.