OECD survey shows China continuing to drive global economy

Updated 2017-03-22 11:01:12 CGTN

China will continue to power the global economy in the near future, according to a survey from the Organisation for Economic Co-operation and Development (OECD) released on Tuesday.

The OECD survey also says that it's time for China to focus on de-leveraging state-owned companies and de-stocking the housing market.

The head of OECD's economics department, Vincent Koen, said OECD is confident that China's GDP outlook expected to reach 6.5 percent is achievable.

Debt owned by non-financial firms in China reached 170 percent of GDP in 2016. That was the highest level among the world's leading economies.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 26 2017 19:03:44

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 26 2017 19:03:44

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 26 2017 19:03:44

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords