OECD survey shows China continuing to drive global economy

Updated 2017-03-22 11:01:10 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.

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