The International Monetary Fund said on Tuesday that it expects China’s economy to grow 6.3 percent in 2019－up 0.1 perce
ntage point from its prediction in January. Analysts said the world’s second-large
st economy is set to remain stable as authorities continue to implement supportive policies.
The latest World Economic Outlook, released at the start of the sp
ring meetings of the IMF and the World Bank in Washington, also predicted the United States e
conomy would grow 2.3 percent this year, 0.2 percentage point lower than the IMF’s earlier forecast.
The outlook for China falls within the range of the country’s targeted goal of securing between 6 p
ercent and 6.5 percent growth for this year, and is very close to that of Chinese researchers.
On April 1, Zhang Ping, a researcher at the Institute of Economics of the Chinese Acad
emy of Social Sciences, said China’s GDP growth should remain at 6.2 percent in the fir
st half, and average 6.3 percent for the whole year, thanks to incentives including tax and fee cuts.