Thu, 31 Jul 2014 08:25:12 GMT
China growth target too aspiring, IMF says
China has to adjust the
economic growth target of 6.5-7% for the next year and plans to abstain from
stimulus measures unless the economy faces the prospect of further
sharp decline from that level, the IMF said today. The International
Monetary Fund repeated its forecast that the economic growth would
slip to 7.4% this year and sink further to 7.1% in 2015.