IMF Says Chinese Economy to Grow 7.5 Percent in 2001

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Source: MOFTEC

IMF Says Chinese Economy to Grow 7.5 Percent in 2001
(2001/08/27)

China's near-term economic prospects remained favorable although the external slowdown would likely dampen the country's growth somewhat, the International Monetary Fund (IMF) said Friday.

The country's real gross domestic product (GDP) was forecast to grow 7.5 percent this year, down slightly from the 8 percent growth last year, the IMF said in its annual review of the Chinese economy.

Inflation will continue to be under control. Consumer prices are projected to increase by around 1 percent, mainly on account of rising services prices.