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The International Monetary Fund (IMF) has warned that the worsening debt crisis in the eurozone poses a key risk to China's growth. The IMF added that China also faces domestic risks, not least from a sharper-than-anticipated decline in the property market.
The IMF said that it expects China's economy to grow by 8 per cent in the current financial year, but warned that a lack of response to the deteriorating crisis in the eurozone may cut that number by half.
Growth in China's economy slowed to a three-year low in the second quarter. Its economy expanded at an annualised rate of 7.6 per cent in the three months to the end of June.
The IMF said that it expects China's economy to grow by 8 per cent in the current financial year, but warned that a lack of response to the deteriorating crisis in the eurozone may cut that number by half.
Growth in China's economy slowed to a three-year low in the second quarter. Its economy expanded at an annualised rate of 7.6 per cent in the three months to the end of June.
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