IMF raises 2005 forecast for China to 9 percent – Lesley Wroughton

From Reuters:

The International Monetary Fund on Wednesday raised its 2005 growth forecast for China, the world’s fastest-growing economy, and advised Beijing it may need to tighten monetary policy if investment growth rebounds.

In its twice-yearly snapshot of the world’s economies, the said Chinese growth was now poised to hit 9 percent this year, up from 8.5 percent predicted in April.

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