LINE

Text:AAAPrint
Economy

Chinese economy to lead global recovery: IMF official

1
2017-03-19 09:36Xinhua Editor: Huang Mingrui ECNS App Download

China will remain a strong engine of global recovery with its ongoing economic reforms, an official with the International Monetary Fund (IMF) said Saturday.

"Steering its economy to a sustainable path will benefit China itself and the world as a whole," said IMF Deputy Managing Director Zhang Tao at the China Development Forum 2017 in Beijing.

The country and other emerging economies have contributed over 70 percent of global economic growth in recent years and will remain such a contributor, he said.

China's 6.7-percent growth in 2016 hit a 26-year low, but still outpaced most other economies and accounted for more than 30 percent of global growth.

The IMF forecast the world's economy would grow 3.4 percent in 2017 and 3.6 percent next year, with gathering momentum for recovery and rising challenges.

Resistance to economic integration and political uncertainties need to be addressed, Zhang said, calling for more inclusive and balanced global economic growth.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.