The International Monetary Fund estimates that China's economic growth rate will reach 10% this year

Source: Internet
Author: User
Keywords China this year the International Monetary Fund
Tags agency economic economic growth economic recovery economy global economy group international monetary
China News Agency, Washington, April 21--The International Monetary Fund 21st estimated that the economy will grow by 10% per cent this year and 9.9% per cent next year.  The International Monetary Fund released its biannual World Economic Outlook report, which assesses the growth of the global economy this year and forecasts economic growth in major economies such as China, the US, the eurozone and Japan. China remains the brightest star in the International Monetary Fund's projected global economic list. In its report, the group maintained its 10% per cent forecast for 2010 GDP growth in January.  Next year China's economy will rise from the original expected 9.7% to 9.9%. China's booming domestic demand is driving the recovery, the International Monetary Fund said in its report. China's economy grew faster than the government's target of 8% per cent in 2009, and the economic growth rate in 2010 and 2011 will be close to 10% respectively, relying mainly on government investment in infrastructure projects to boost domestic demand.  The IMF predicts that in the future this will gradually turn into a new model of economic growth driven by strong private consumption and investment. The report argues that Asian economies have benefited from a turnaround in the international economic and trade situation, as well as a flood of capital inflows that have led to rapid economic recovery in emerging Asian countries such as China. Among them, India's expected growth rate of 8.8%, after China, as the world's major economies this year "Billboard" runner-up.  Emerging market countries, such as China and India, will steer the global economy out of the worst recession since the Second World War. In addition, the report notes that the world economic recovery is better than expected, the world economy is expected to grow 4.2% this year and next year will grow by 4.3%. Finish
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