IMF: China rebound a boon for entire globe

The strong rebound of the Chinese economy is a boon to global growth, the International Monetary Fund chief said as she cautioned global policymakers against the risk of supply chain insecurity leading to a new Cold War.

The IMF, in its World Economic Outlook released on Tuesday, forecast China's growth to stay at 5.2 percent this year, a 0.8 percentage point upward revision to its October projection, as it said the world is experiencing a "rocky recovery".

"We have been pleased to see this rebound of China not only for China, of course for China, but also because of China's role in the world economy," IMF Managing Director Kristalina Georgieva told a news conference on Thursday at the IMF and World Bank spring meetings that run through Sunday.