This growth exceeded earlier IMF forecasts. China has an expected economic growth rate of 4.6% in 2025, and the forecast for 2026 is 4.5%, largely due to the implementation of certain fiscal reforms.

The IMF’s upgrade for 2024 is in line with Beijing’s growth target of “around” 5%, which the economy appears to be on track to reach after it blew past expectations to post growth of 5.3% ...