Chi­nese Eco­nomic Growth Is “Sus­tain­able”


TALLINN (Xin­hua) - The Chi­nese econ­omy is grow­ing much faster than orig­i­nally ex­pected and looks like “sus­tain­able”, Sec­re­tary-Gen­eral of the Or­ga­ni­za­tion for Eco­nomic Co-oper­a­tion and De­vel­op­ment (OECD) An­gel Gur­ria said.

Af­ter a press con­fer­ence to present the lat­est OECD Eco­nomic Sur­vey of Es­to­nia, Gur­ria told Xin­hua that the Chi­nese econ­omy is now grow­ing by al­most 7 per­cent again and it looks like “sus­tain­able”, which is very im­por­tant.

Gur­ria at­tended the sec­ond “1+6” Roundtable on Sept. 12 in Bei­jing to look at all the rec­om­men­da­tions about what the Chi­nese econ­omy could do in or­der to make the growth not only more sus­tain­able, but also more eq­ui­table, greener, more dig­i­tal with greater pro­duc­tiv­ity and com­pet­i­tive­ness.

Gur­ria said, “We are sure that China’s growth is sus­tain­able. The is­sues like the bub­bles that we have had, and some of the growth in credit are be­ing re­duced to make it more man­age­able. Right now, the di­ag­no­sis made is quite pos­i­tive.”

On Satur­day, Gur­ria is sched­uled to join the sec­ond day ses­sions of the two-day in­for­mal meet­ing of the EU eco­nomic and fi­nance min­is­ters held in the Es­to­nian cap­i­tal.

The Chi­nese econ­omy grew 6.9 per­cent in the first and sec­ond quar­ters of this year.

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