The IMF warns that China's economic slowdown is worse than expected

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      Gu Zemanhong said that China's economic slowdown has been relatively mild so far, and the Chinese government has the necessary tools to support economic growth and help Asia maintain the main driving force of the global economy.
But he warned that uncertainty about China's economic growth prospects was one of the risks facing the global economy, and that if the Sino-US trade negotiations deteriorated unexpectedly, market conditions could tighten abruptly.
"One is trade frictions, which affect not only trade volume, but also investment," Gu Zemanhong said of global outlook risks. "If China's economy slows more than expected, it will also pose a risk to the global economy." He told Reuters on Wednesday.
Trade frictions and China's economic slowdown are two issues to be discussed by finance ministers of the Group of 20 (G20) during their meeting this week on the sidelines of the IMF meeting.
China's economic growth of 6.6% last year was the lowest since 1990, raising concerns that the slump in demand in the world's second largest economy could prolong the sluggish growth of the global economy.


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