China has potential to sustain strong growth in medium term: IMF

Updated 2017-06-14 21:21:12 Xinhua

China has the potential to "safely sustain strong growth" over the medium term as it continues to transition to a more sustainable growth path and advance reforms, a senior official with the International Monetary Fund (IMF) has said.

China's growth in 2017 has been forecast at 6.7 percent, the same as the previous year's actual rate and higher than the government target of about 6.5 percent, according to a statement issued Wednesday by David Lipton, first deputy managing director of the IMF, after the IMF annual Article IV review of the Chinese economy.

IMF staff, who visited Beijing and Lanzhou from June 1 to 14 to hold discussions on the annual review, also projected average annual growth of 6.4 percent for 2018-2020, the statement said.

The team also provided policy recommendations to China, including a faster switch from investment to consumption, increasing the role of market forces and implementing a more sustainable policy mix.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 16 2017 19:13:24

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 12:16December 16 2017 19:13:24

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 16 2017 19:13:24

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