IMF revises its projection down for China’s GDP this year, cautions on export reliance

The International Monetary Fund has trimmed its projection of China’s economic growth in 2026 by one-tenth of a percentage point to 4.5 per cent, cautioning that resilient exports are no longer sufficient to fully offset persistent weakness in domestic demand. The revised projection sits at the lower end of Beijing’s annual growth target for this year, down from the previous forecast of 4.6 per cent in July, according to the organisation’s latest World Economic Outlook, released on...