IMF Raises China Growth Forecasts But Warns of Housing Woes and Banking Risks
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IMF raised China's economic growth forecasts for 2022 and 2023 but warned of risks from overstretched lenders and developers.
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China's housing sector remains weak with falling prices and sales, posing a risk to the economy.
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IMF called for allowing distressed developers to exit the industry to aid recovery.
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IMF said China's banks have lower capital buffers and growing asset quality risks.
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China's exports fell in October partly due to currency weakening, while imports rose on domestic demand.