The IMF has upgraded China's economic growth target to 5%, from 4.6%

The International Monetary Fund (IMF) says China's economy is set to grow 5% this year, after a "strong" first quarter

• upgrading its earlier forecast of 4.6%

For 2025 it forecasts 4.5%

• from 4.1% previously

"Strong Q1 GDP data and recent policy measures" drove the upgrades says the IMF.

It forecasts growth to slow to 3.3% by 2029, citing aging and slower productivity growth.