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China transitions to slower but better growth
Source: Xinhua |
August 15, 2015, Saturday
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Online Edition
Online Edition
CHINA is transitioning to a slower yet safer and more sustainable growth, which involves giving the market a more decisive role in the economy, the International Monetary Fund (IMF) said Friday.
The IMF expected the growth to slow to 6.8 percent this year, reflecting progress in addressing vulnerabilities, especially a needed moderation in real estate investment. It expected the growth to further slow to 6.3 percent in 2016, as the country continues to rein in vulnerabilities.
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