Economic Watch: China's first-half data sets stage for full-year growth target

BEIJING, July 17 (Xinhua) -- The International Monetary Fund on Tuesday revised China's 2024 economic growth up to 5 percent in an update to its World Economic Outlook, compared with its 4.6-percent forecast in April.

The move came after China released its half-year economic data on Monday, which showed that its gross domestic product (GDP) grew 5 percent year on year in the first half of the year (H1). In the s