BEIJING - The International Monetary Fund on Wednesday said China's economy is on course to grow 7.75% in 2013 _ higher than the government's 7.5% target and actual growth of 7.6% in the first half of the year.
A Chinese man, right,reads a newspaper as he rests at the entrance of a temple in Beijing on July 16, 2013. China's gross domestic product expanded 7.5% in the April-June quarter, official data showed Monday, a second consecutive slowdown in growth as worries mount over the health of the world's number two economy. (AFP photo)
But the IMF also expressed concern about looming financial risks and warned that, longer term, annual economic growth rates could plummet if China fails to follow through with promises to rebalance its economy.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.