Arab Today, arab today chinas economic fundamentals sound
Last Updated : GMT 20:08:36
Arab Today, arab today
Arab Today, arab today

World Bank Chief Jim Yong Kim:

China's economic fundamentals sound

Arab Today, arab today

Arab Today, arab today China's economic fundamentals sound

World Bank Chief Jim Yong Kim
Beijing - Arab Today

World Bank Group (WBG) President Jim Yong Kim said Friday that China's economic fundamentals are sound despite the recent equity market volatility.

"China has built the world's second largest economy and it has undertaken significant reforms aimed at providing all of its citizens with an opportunity to enjoy greater prosperity," the visiting WBG chief said at a press conference in Beijing.

He said China has strong resolve in continuing to adopt fiscal and financial reforms to transform its growth model.

While China's growth has gradually slowed since 2012, signaling what President Xi Jinping has called the "new normal", the country remains "the largest contributor to world growth since the global financial crisis" with roughly 30 percent of global growth coming from China alone over the last couple of years, he told reporters.

China's growth slowed to 7.4 percent last year and the WBG predicted about 7-percent economic growth for 2015, which is "still the envy of the world," he said.

Despite recent stock market fluctuations, "China's economy is strong and its fundamentals are sound," he said.

Chinese leaders are moving forward resolutely on their ambitious program of economic and social reforms aimed at transforming China's growth model toward "more efficient, equitable, and environmentally sustainable" growth, he added.
Source: XINHUA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas economic fundamentals sound Arab Today, arab today chinas economic fundamentals sound

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas economic fundamentals sound Arab Today, arab today chinas economic fundamentals sound

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday