July 27, 2018

BEIJING-- China's economy continues to perform strongly, the International Monetary Fund said on Friday, with growth expected at 6.6 percent this year, a slightly slower rate than last year's 6.9 percent.

The economic growth estimate was unchanged from the IMF's last forecast made in May. The IMF raised its estimate for China's growth in 2018 in January after the economy unexpectedly accelerated last year.

While the IMF praised China's progress on reducing financial sector risks and in further opening its economy, it said credit growth was still unsustainably high as some aspects of the country's rebalancing had slowed.

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