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FX Daily Updates
IMF's Georgieva says China risks 'way below' 4% growth unless reforms are made
georgemiller
Publish Date: Thu, 24 Oct 2024, 12:54 PM

Oct 24 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China's annual economic growth could drop to "way below" 4% unless it executes reforms to lift domestic consumption.
A major obstacle to improving Chinese consumer confidence is its depressed property sector, and actions should be take to address that, Georgieva said at a press briefing during the IMF's annual meetings in Washington.
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https://www.reuters.com/world/china/imfs-georgieva-says-china-risks-way-below-4-growth-unless-reforms-are-made-2024-10-24/