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IMF's Georgieva says China can no longer rely on exports for growth

Economic Times LogoEconomic Times12h ago

IMF's Georgieva says China can no longer rely on exports for growth - Economic Times

Quick Summary:

Georgieva said that China's recent announcement of fiscal stimulus plans were "in the right direction," with the aim of reviving consumer confidence shattered by a years-long real estate crisis.

ReutersBeijing can no longer "rely on some miracle that would retain an export-led model in this large economy as a viable vehicle," Georgieva added.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 10:02:36 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23149204

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About Economic Times

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Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #84

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