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IMF raises Chinese economic growth outlook

By Joe McDonald
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BEIJING (AP) — The International Monetary Fund raised its economic growth forecast for China on Monday but warned that its financial system faces risks due to the rapid expansion of debt.

The IMF’s 0.3 percentage point increase to 7.5 percent in its growth outlook for China may help reassure investors who worry the world’s second-largest economy might be slowing too abruptly.

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