International Monetary Fund expects China's economy to grow by 5 percent

Taiz Governor discusses with UN Resident Coordinator solutions to alleviate water crisis

Taiz Governor Nabil Shamsan discussed Saturday with the UN Resident Coordinator and Humanitarian Coordinator in Yemen Julian Harness solutions to alleviate water crisis in the governorate.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Portugal Wins UEFA Nations League Title

Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.

Last Update: ، 2025/06/22 Time 01:52:34
Latest News:

Foreign Minister discusses ways to enhance bilateral relations with his Malaysian counterpart

Al-Eryani welcomes new U.S. sanctions on networks linked to Houthi Terrorist Militia

Al-Eryani: Iran and Its Militias Undermine Arab Stability

Foreign Minister Arrives in Istanbul for participation of OIC's session

Tariq Saleh discusses health situation in Western Coast with MSF delegation

International Monetary Fund expects China's economy to grow by 5 percent

[29/05/2024 02:39]

BEIJING - SABA
The International Monetary Fund has forecast China's economy to grow at a rate of 5 percent of GDP this year, up from its previous forecast of 4.6 percent, following the strong performance of the world's second-largest economy in the first quarter of this year.

In a statement on Wednesday, the Fund raised its forecast for China's economic growth rate next year from 0.4 percentage points to 4.5 percent, compared to 4.1 percent of GDP.

The Chinese National Bureau of Statistics announced last month that China's economy grew by 5.3 percent in the first quarter of the this year, while analysts had expected it to grow by 4.8 percent, after growing by 5.2 percent in the last quarter of last year.