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China's contribution to world economy to be 30% in next 5 years

The transition of China's economy would become an important driver of global economic growth, the Global Times quoted Chi Fulin, director of the China Institute for Reform and Development, as saying.


China's contribution to world economy to be 30% in next 5 years

Beijing: The contribution of China to the world economy will remain around 30 percent for the next five years, an expert said in remarks published on Sunday.

The transition of China's economy would become an important driver of global economic growth, the Global Times quoted Chi Fulin, director of the China Institute for Reform and Development, as saying.

He was addressing the China reform forum that opened on Saturday.

Chi predicted that in the next few years, the global economy would grow slowly while seeking a new balance, bringing impact on the transition of China's economy.

On the other hand, as the second largest economy, China's economic transition and growth were increasingly influencing the world economy.

"It is estimated that the contribution of China's economic growth to the world economy is expected to maintain at 25 to 30 percent," he said.

From Zee News

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