China's latest stimulus measures moves will not meaningfully boost domestic demand, leaving a major source of trade friction intact, U.S. Treasury Secretary and International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday.

China's recent stimulus measures go in the right direction but are not sufficient to lift domestic growth in a substantially material way, said Pierre-Olivier Gourinchas, the IMF's chief economist, on Tuesday.

The International Monetary Fund on Tuesday raised its 2024 economic growth forecasts for the U.S., Brazil and Britain but cut them for China, Japan and the euro zone, adding that risks abound from armed conflicts,

The International Monetary Fund has today raised its 2024 economic growth forecasts for the US, Brazil and Britain but cut them for China, Japan and the euro zone, adding that risks abound from armed conflicts,