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China Daily / 2020-10 / 17 / Page001

IMF: China's rising growth boosts world recovery effort

By ZHAO HUANXIN in Washington | CHINA DAILY | Updated: 2020-10-17 00:00

China's robust recovery from the COVID-19 pandemic will benefit importers and countries that are otherwise connected to the Chinese economy, offering a "positive impulse" for world economic growth, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday.

Two days after the global lender released its World Economic Outlook, which nearly doubles its projection of China's 2020 growth to 1.9 percent from previously forecast, the IMF chief explained what was behind the upgrade and how it will affect other economies.

The upward revision of the growth rate was based on two "very important actions China has taken", Georgieva said.

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