The International Monetary Fund on Tuesday maintained its growth forecast for China at 5.2 percent for this year, saying the country's reopening raised hopes for "positive spillovers" to the rest of the world, while lowering its outlook for the global economy. "As waves subsided in January of this year, mobility normalised, and high-frequency economic indicators – such as retail sales and travel bookings – started picking up," the IMF wrote in its Economic Outlook report. "The reopening and growth of (China's) economy will likely generate positive spillovers, with even greater spillovers for countries with stronger trade links and reliance on Chinese tourism," it added.

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