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China eyes medium-high speed growth of economy this year

Economy

China will continue focusing on supply-side structural reform and implement various policies this year to ensure medium-high growth and move to a medium-high level of development.

XinhuaUpdated: January 22, 2020

China will continue focusing on supply-side structural reform and implement various policies this year to ensure medium-high growth and move to a medium-high level of development.

Photo taken on Nov. 1, 2018 shows a night view of Shanghai, east China. [Photo/Xinhua]

10分快三注册Foreign Ministry spokesperson Geng Shuang made the remarks at a press briefing Tuesday when asked to comment on the International Monetary Fund (IMF)'s report that upgraded China's economic growth forecast to 6% this year.

Noting persisting downward pressure on the global economy, Geng said the Chinese economy had registered steady growth over the past year.

China's GDP increased by 6.1% year on year, and per capita GDP exceeded the threshold of US$10,000 in 2019, Geng said, adding that the proportion of China's GDP within the global total is projected to exceed 16%, while the contribution of China's economy to global growth is expected to reach about 30%.

"The IMF's upgrade of China's economic outlook indicates that the international community has full confidence in the prospects of China's economy," Geng said.

He said the Chinese side will further deepen reform and opening up, uphold multilateralism and free trade, work with all parties to build an open world economy and improve the global economic governance system.

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