1st LD: IMF raises China's 2024 economic growth forecast to 5 pct

WASHINGTON, July 16 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday revised China's 2024 economic growth up to 5 percent in an update to its World Economic Outlook (WEO), from the 4.6-percent forecast in April.

The revision is primarily attributed to a rebound in private consumption and strong exports in the first quarter, according to the update.

"In China, resurgent domestic consumption pro