IMF on China’s growth prospects

Wednesday 8 Aug 2018

In its latest annual assessment of the Chinese economy the IMF says growth is projected at 6.6% 2018. The report from the IMF goes on the say “Four decades of reform have transformed China from one of the poorest countries in the world to the second largest economy.”

“The country now accounts for one-third of global growth. Over 800 million people have been lifted out of poverty and the country has achieved upper middle-income status. China’s per capita GDP continues to converge to that of the United States, albeit at a more moderate pace in the last few years.”

Here are six charts you need to know about this report.

1. China’s strong GDP growth continues. The country now accounts for one-third of global growth. Over 800 million people have been lifted out of poverty and the country has achieved upper middle-income status. China’s per capita GDP continues to converge to that of the United States, albeit at a more moderate pace in the last few years.

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Source: IMF & ITTO


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