IMF forecasts 6.6% growth for China

The International Monetary Fund has forecast that China's economy will grow 6.6 percent in 2018 - unchanged from its April projection - in its latest World Economic Outlook, which stresses that the risk that current trade tensions escalate further is the greatest near-term threat to global growth.

Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced, Maury Obstfeld, director of the IMF Research Department, said on Monday.

"We continue to project global growth rates of just about 3.9 percent for both this year and next," Obstfeld said. "China continues to grow in line with our earlier projections."