IMF Predicts China Economy Slowing Over Next Four Years

FILE — Residents walk past an Evergrande commercial complex in Beijing, Jan. 29, 2024. In a report released Friday, the International Monetary Fund projects China's economic growth will drop to 4.6% this year, down from 5.2% growth last year. FILE — A man rides by buildings under construction in Beijing, June 5, 2023. The International Monetary Fund says China's economic decline is likely to continue over the next four years.

The International Monetary Fund says China's economic decline is likely to continue over the next four years as the world's second largest economy deals with a range of challenges from a rapidly aging population, higher unemployment and a property crisis.