IMF: China's rebound can help a slumping global economy

2023-04-14 Editor : Lu Yan ECNS App Download

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva told a news conference at the IMF and World Bank spring meetings that China this year would contribute about one-third of global growth on Thursday local time.

"We have been pleased to see this rebound of China not only for China, of course for China, but also because of China's role in the world economy. We calculated that 1 percent more growth in China translates into 0.3 percent more growth for the economies that are connected to China," the IMF chief said.   The IMF also noted that China's reopening would provide fresh momentum to the rest of Asia.  

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