UN and IMF Raise Forecasts for China GDP, Regulators Promise Measures to Boost Growth

Published: May 22, 2023 11:41

Source: SMM

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SHANGHAI, May 22 (SMM) - In China, the central bank released the first-quarter China monetary policy report last week.

SHANGHAI, May 22 (SMM) - In China, the central bank released the first-quarter China monetary policy report last week. The National Development and Reform Commission stated that it will further optimize the macro policy mix to release consumption potential. Several banks cut interest rates. Chinese Premier Li Keqiang said more targeted measures will be taken to expand domestic demand and stabilise exports. The United Nations and the IMF have both raised their forecasts for China's economic growth.

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