CCTV.com - CNTV English - CCTV News

IMF keeps positive outlook on Chinese economy

07-31-2010 09:46 BJT

Watch Video

Play Video

A senior economist from the International Monetary Fund says China's economy is keeping its momentum, despite both domestic and international uncertainties.

Il Houng Lee, a senior IMF representative to China, says the slowdown in China's economic growth during the second quarter is well within expectations, but the pace has still been strong.

On that basis, the IMF is keeping its forecast for China's 2010 economic growth unchanged at 10.5 percent.

Lee says growth will continue to slow down in the second half of this year, and the extent will depend on individual consumption, the property market and the government's steps in quitting stimulus policies.

But he says a double dip recession won't happen, and suggests China should hold a gradual stance in quitting stimulus measures, and control the pace of credit growth.

 

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program