The International Monetary Fund (IMF) has substantially raised its growth forecast for China this year, while also slightly revising up global estimates, as China diversifies its export partners and trade tensions between the world’s two largest economies de-escalate.The IMF now projects that China’s economy will expand by 4.8 per cent in 2025, up 0.8 percentage point from its previous forecast in April, according to its World Economic Outlook report released on Tuesday.The upwards revision...