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.