IMF’s Georgieva says China risks ‘way below’ 4% growth unless reforms are made

(Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China’s annual economic growth could drop to “way below” 4% unless it executes reforms to lift domestic consumption.

A major obstacle to improving Chinese consumer confidence is its depressed property sector, and actions should be take to address that, Georgieva said at a press briefing during the IMF’s annual meetings in Washington.

(Reporting by David Lawder; Writing by Dan Burns; Editing by Paul Simao)