China’s economy continues to decelerate amid transition to consumption-based economy: IMF


China’s economy continues to decelerate amid transition to consumption-based economy: IMF

China’s GDP continues to decelerate, with a growth forecast of 6.6 per cent for 2017, as it transitions from an export and investment based economy to one based on domestic consumption, the International Monetary Fund (IMF) said on Tuesday.

In its latest report on the Asia-Pacific, the IMF said that despite its own growth slowing amid economic transition, China continues to drive global growth, Efe news reported.  Read More…

 

Credit By: The Economic Times

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