WASHINGTON (Reuters) – China’s economy is slowing due to weaker private investment, slowing exports and reduced domestic demand after a strong performance in the first quarter as the economy reopened from COVID-19 lockdowns, the International Monetary Fund said on Thursday.
“So the overall picture for growth in China is one of a slowing economy and that is consistent with the forecast that we had in April,” IMF spokesperson Julie Kozack told a regular news briefing, adding that the Fund was observing “subdued” inflation in China.
(Reporting by David Lawder)
