China seen as anchor for global economy

IMF official highlights nation's driving force, contribution amid headwinds

China is projected to contribute more than 30 percent to global economic growth in 2023, highlighting the anchoring role of the world's second-largest economy in a more vulnerable world with rising financial risks, leading experts said at a forum over the weekend.

Kristalina Georgieva, managing director of the International Monetary Fund, said the world has become more shock-prone after three years of COVID-19, conflicts and worsening climate disasters.

The good news is that the global economy has shown resilience, with Asia faring better than other regions. Specifically, China alone is projected to contribute more than 30 percent to global growth this year, Georgieva said.