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IMF upgrades China’s growth forecast



The International Monetary Fund (IMF) has raised its economic growth forecast for China to 5% this year, up from 4.6%, following a strong first quarter. However, the IMF warned of risks in the property sector, emphasising the need for ongoing housing corrections to ensure sustainability. Concurrently, several Chinese cities, including Tianjin and Shenyang, have relaxed real estate restrictions to stimulate the market. Measures include lowering the minimum down payment ratios for housing loans and removing limits on commercial personal housing loan interest rates. These easing efforts are part of broader attempts to revitalise the struggling property sector, which remains a significant barrier to China’s full economic recovery.

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