off-the-wire

IMF's Georgieva says China risks 'way below' 4% growth unless reforms are made

Kitco Media
By Reuters
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Reuters
IMF's Georgieva says China risks 'way below' 4% growth unless reforms are made teaser image

Oct 24 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China's annual economic growth could drop to "way below" 4% unless it executes reforms to lift domestic consumption.

A major obstacle to improving Chinese consumer confidence is its depressed property sector, and actions should be take to address that, Georgieva said at a press briefing during the IMF's annual meetings in Washington.

Reporting by David Lawder; Writing by Dan Burns; Editing by Paul Simao

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