IMF: Growth momentum in China slowing due to weaker private investment

A spokesperson for the International Monetary Fund (IMF) said on Thursday that slowing exports and weaker private investment cause China's growth momentum to slow, per Reuters.

"The overall picture of growth in China is one of slowing economy, consistent with the IMF forecasts in April," the spokesperson added. "Subdued inflation in China is due to weaker demand, slack in the economy after strong reopening in the first quarter."

Market reaction

These comments don't seem to be having a noticeable impact on risk mood. As of writing, the S&P 500 Index was up 0.6% on the day.