The International Monetary Fund (IMF) has cut its 2013 growth forecast for China’s economy to 7.6 percent, 0.2 percentage point lower than its July estimate, China Business News reported Wednesday, citing the IMF’s World Economic Outlook report. The IMF also reduced its projection for next year to 7.3 percent growth. China’s slowing economy is having an impact on other countries but is unlikely to get out of hand, the report said. A more stable expansion in China’s gross domestic product will significantly help lower the risk of a hard landing, it said.
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