IMF Forecasts Faster Chinese Growth as Debt Rises

The video discusses China's GDP growth, highlighting the IMF's forecast of 6.4% average growth from 2017 to 2020. However, this growth comes with increased debt levels, projected to reach 300% of GDP by 2022. The Chinese government, led by President Xi, is prioritizing a deleveraging campaign to mitigate financial risks. The IMF acknowledges China's progress towards sustainable growth but emphasizes the need for more urgent reforms, including allowing more companies to go bankrupt and improving capital allocation.

What was the revised GDP growth forecast for China between 2017 and 2020?

• 6.4%

• 7.0%

• 6.0%

• 5.8%

By 2022, what is the projected total debt to GDP ratio for China according to the IMF?

• 350%

• 300%

• 242%

• 200%

What campaign has President Xi prioritized to address financial risks in China?

• Trade Liberalization

• Deleveraging

• Technological Innovation

• Economic Expansion

What does the IMF suggest China should allow more companies to do?

• Merge with others

• Go bankrupt

• Expand internationally

• Increase production

What key reform does the IMF emphasize for China's sustainable growth?

• Expansion of infrastructure

• Increase in exports

• Sweeping changes in resource allocation

• Reduction in taxes