IMF lifts China growth outlook but warns on property and trade troubles

Fund sees economy hitting 'around 5%' target in 2024 before slowing in coming years

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The International Monetary Fund expects China's economy will grow 5% for 2024 and 4.5% for 2025, but slow to 3.3% by 2029.

WATARU SUZUKI, Nikkei staff writer

BEIJING -- The International Monetary Fund on Wednesday raised China's economic growth outlook but said additional policies are required to support its struggling housing market.

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