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The International Monetary Fund projects China's economy to grow by 5% in 2025 before slowing to 4.5% in 2026, citing resilience despite multiple shocks in recent years.
Transcript
00:00China's economy is projected to grow by 5% in 2025 before slowing to 4.5% in 2026,
00:09according to the International Monetary Fund.
00:11Its latest assessment shows an upward revision of 0.2% and 0.3% points from its October forecast,
00:19citing resilience despite multiple shocks in recent years.
00:23The fund pointed out that China had rolled out stimulus measures
00:28and benefited from lower-than-expected tariffs on its exports.
00:32It added that while the economy has remained stable, it continues to face imbalances,
00:38including a prolonged property sector adjustment, spillovers to local government finances,
00:43weak domestic demand and deflationary pressures.
00:46In the first 11 months of this year, China's trade surplus hit a record US$1 trillion,
00:51but the IMF warns that such export-driven growth may not be sustainable as global demand softens.
00:59It urged Beijing to shift toward a consumption-less growth model
01:02instead of dependence of exports and investment.
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