Published: 16:09, November 7, 2023 | Updated: 17:06, November 7, 2023
IMF: China's GDP to grow by 5.4 percent in 2023
By Xinhua

IMF’s First Deputy Managing Director Gita Gopinath takes part in a press conference during the second day of the annual meetings of the International Monetary Fund and the World Bank Group, in Marrakesh on Oct 10, 2023. (PHOTO / AFP)

BEIJING - China's real GDP is projected to grow by 5.4 percent in 2023, according to an International Monetary Fund statement on Tuesday.

"The Chinese economy is on track to meet the government's 2023 growth target, reflecting a strong post-COVID recovery," read the statement made by the IMF's First Deputy Managing Director, Gita Gopinath, following a visit to China.

The IMF mission team held constructive discussions with senior officials from the Chinese government, private sector representatives, and academics to exchange views on economic prospects and risks

An IMF team, led by Sonali Jain-Chandra, mission chief for China, visited China from Oct 26 to Nov 7 to conduct discussions on the 2023 Article IV Consultation.

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The mission team held constructive discussions with senior officials from the government, the People's Bank of China, private sector representatives, and academics to exchange views on economic prospects and risks, reform progress and challenges, and policy responses.

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Gopinath joined the policy discussions, and issued the statement at the end of the visit.