China's growth is expected to weaken slightly this year to 6.6 per cent and moderate to about 5.5 per cent by 2023, the International Monetary Foundation announced on Wednesday.
That would mark a decline from GDP growth of 6.9 per cent in 2017 – that was the fastest pace of growth since 2015 and came even as policymakers made headway towards curbing financial risk from excessive debt growth.
At the IMF's annual review of China's economy in Beijing, IMF first deputy managing director David Lipton welcomed a shift in "policy focus from high-speed to high-quality growth".
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