The International Monetary Fund (IMF) raised its projections for China's annual economic growth in 2023 and 2024, as it recorded a stronger performance than expected in the third quarter of 2023. China is also implementing various policies to support recovery. According to the Article IV Mission report released Tuesday (7/11/2023) the IMF estimates that China's Gross Domestic Product (GDP) will grow by 5.4% in 2023 and 4.6% in 2024. These figures are respectively 0, 4 percentage points higher than the IMF projection in October 2023. The IMF noted that slower growth in 2024 is likely due to ongoing risks from a property downturn and weak external demand. Then, the IMF also asked the government to continue efforts to control risks from the property market and local government debt to improve sentiment and short-term growth prospects. For your information, the latest data shows that the recovery is still fragile with challenges that will continue to exist in the future. Factory activity experienced another contraction in October 2023, the service sector weakened, imports increased, exports decreased more than expected and deflationary pressures were still visible. Read our other insightful economic news: https://bit.ly/FPGGlobalEco #FPG #Fortuneprimeglobal #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity #nasdaq #forex #portfolio #trading #capital #stocks #margins #facts #livetrading #economicnews #derivatives #globalnews #globaleconomy