China’s influential newspaper, Peoples’ Daily, reports the IMF forecast in its newly-released World Economic Outlook and Global Financial Stability Report. It highlights that China’s GDP growth is projected to be 6.6 percent in 2016 before moderating to 6.2 percent in 2017.
This is good news for China, highlighting that China is overhauling its economy effectively and minimizing the risk. No doubt Western China experts will still be highlighting the risks in the coming days. But the IMF forecast is independent and respected – this is why China is promoting the news.