China’s economy to rebound in second half: IMF
Beijing: China’s economy will rebound in the second half of 2012 to achieve annual growth of eight percent as government policies to spur growth take effect, the International Monetary Fund said on Wednesday.
The annual report on China’s economy predicted China’s economy would expand by 8.5 percent in 2013.The Fund noted that Chinese authorities, whose views are included in the report, said they had been pursuing policies to achieve a more sustainable pace of economic growth.
“Measures to support growth are now being given more prominence and the authorities are confident that growth will be at least 7.5 percent this year,” the report said.
Category: Business, Business News
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