IMF Praised China's Role In World Economic Growth

Lagarde, President of the International Monetary Fund (IMF), praised China's "critical role" in world economic growth on 10 July. She also denied that China had recently devalued the renminbi as a means to promote economic growth. RMB Depreciation.

Lagarde and World Bank President Jin Yong held a press conference respectively that day to "preheat" the upcoming International Monetary Fund and the World Bank spring conference 2014. IMF recently released world economy The outlook report predicts that China's economic growth will be 7.5% this year and 7.3% in 2015. It is said that China's efforts to control credit growth and implement reforms should continue to push economic growth from investment to consumption and achieve rebalancing.

Lagarde praised China's contribution to global economic growth on the day. It said there is no doubt that China plays a key role in global economic growth. China's economic growth target of 7.5% in 2014 will make a significant contribution to global growth.

She said she had just visited China two weeks ago, and had discussed with the Chinese side and found it with great satisfaction. IMF The rebalancing has always been reflected not only in visible numbers, but also in China's official policies.

Lagarde also expressed his views on the RMB exchange rate. Some voices believe that China has recently devalued the renminbi as a means to support economic growth. Lagarde said she did not agree with this statement. She believed that the expansion of the floating range of RMB transactions was an action towards internationalization. China did not intentionally let the renminbi depreciate. IMF welcomed the process of RMB internationalization and thought that the process would continue.

The world bank and China's State Council Development Research Center jointly issued the "China: promoting efficient, inclusive and sustainable urbanization" recently. Kim Yong, at today's press conference, introduced the world bank's reference to China's urbanization.

He said that the urbanization report gives a clear path to the reform of household registration, land and environment in China. Reform in the areas of public voice will not only promote economic growth, but also benefit the urbanization process and benefit Chinese farmers. As long as the Chinese government works closely with the world bank, these reforms are likely to be realized.