Read this in The Manila Times digital edition.
BEIJING — China's economy is set to grow 5.0 percent this year, after a "strong" first quarter, the International Monetary Fund (IMF) said on Wednesday, upgrading its earlier forecast of a 4.6-percent expansion though it expects slower growth in the years ahead.
The global lender's new projections come as Beijing steps up efforts to shore up an uneven recovery in the world's second-biggest economy, which has stumbled in the face of a protracted property crisis and its ripple effects across investors, consumers and businesses.
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