国际英语资讯:Economic Watch: Chinas high quality growth underpins world economic recovery_时事

国际英语资讯:Economic Watch: Chinas high quality growth underpins world economic recovery

BEIJING, Jan. 23 -- Optimism over a broad-based global recovery is gaining momentum in Davos, Switzerland, where policymakers and economists around the world have gathered to discuss a "shared future" at the ongoing World Economic Forum.

Any topics on growth inevitably lead to discussions on China, which is playing an increasingly important role in setting the world's economic agenda as a major contributor to the global recovery.

At Davos, the International Monetary Fund (IMF) raised its global growth forecast for 2018 and 2019 by 0.2 percentage points to 3.9 percent in its latest World Economic Outlook report, citing increased global growth momentum.

国际英语资讯:Economic Watch: Chinas high quality growth underpins world economic recovery1

China is expected to record growth pace of 6.6 percent in 2018, higher than the previous estimate, according to the IMF.

World Bank data showed that China contributed 34 percent to world economic growth from 2017 to 2016, more than the contribution by the United States, European Union and Japan combined, according to Wang Jun, an official with the National Bureau of Statistics (NBS).

"China remains the 'ballast stone and booster' of world economic recovery," Wang said.

China's economy expanded 6.9 percent last year, picking up for the first time in seven years and well above the government annual target of around 6.5 percent.

It's not only the better-than-expected growth number itself that fuelled optimism over the global recovery. China maintained medium-high growth with the help of booming domestic consumption, robust trade, and new technologies, which boosted external demand and international labor productivity, analysts said.