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IMF says Chinese economy on course for 7.5 percent growth

The Chinese economy is expected to grow about 7.5 percent this year and implementation of reforms would help the country achieve a more balanced and inclusive growth, the International Monetary Fund said on Wednesday. "Domestic demand has been moderating, reflecting slower investment and rising risks of a deeper adjustment in real estate activity. However, measures taken by the authorities to support growth are expected to bring it in line with the annual target of around 7.5 percent," the IMF said.

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