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31 Jul 2014
IMF: China 2014 GDP expected at 7.4%
FXStreet (Bali) - IMF reports, via Bloomberg and Reuters, that China GDP growth is expected to come at 7.4% in 2014 and 7.1% in 2015.
Further headlines included: "Some directors feel an even lower 2015 GDP growth target is more appropriate; Appropriate for China to set 2015 growth target between 6.5 and 7.0%; Near term risks on China economy manageable due to government policy buffers; Urge for China to progress with reforms as current path is unsustainable; Weakness in China real estate sector poses near term risk for the economy; Reiterates Yuan is moderately undervalued.."
Further headlines included: "Some directors feel an even lower 2015 GDP growth target is more appropriate; Appropriate for China to set 2015 growth target between 6.5 and 7.0%; Near term risks on China economy manageable due to government policy buffers; Urge for China to progress with reforms as current path is unsustainable; Weakness in China real estate sector poses near term risk for the economy; Reiterates Yuan is moderately undervalued.."