20/03/2015 - After three decades of extraordinary economic development, China is shifting to a slower and more sustainable growth path. Further reforms are now needed to ensure that future growth is resilient, inclusive and green, according to the OECD’s latest Economic Survey of China. The OECD forecasts that China’s GDP will grow by 7% this year and 6.9% in 2016.
“Following one of the most tremendous economic expansions in world history, China’s gradual transition
towards a ‘new normal’ of slower, more sustainable growth is to be welcomed”
OECD Secretary-General Angel Gurría said. “China knows how to grow at a blistering pace.
The challenge now is to ensure that future growth occurs on a more durable and inclusive footing.”