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The International Monetary Fund (IMF) revised up China’s economic growth projections for 2023 and 2024.
The Chinese economy is expected to grow 5.4% this year thanks to a strong post-virus rebound, an upward revision of 0.4 percentage points from its previous projection in October, the fund said in a statement.
The gross domestic product (GDP) was estimated to increase by 4.6% in 2024 revised upwards from 4.2%.