China growth target too aspiring, IMF says

Note: This section contains information in English only.
Source: Bloomberg
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.
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Thu, 31 Jul 2014 08:36:13 GMT

U.S. GDP exceeds expectations

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