China contributed significantly to the global economic growth during the financial crisis and the trend is expected to continue, according to a report released by the International Monetary Fund (IMF) on Wednesday.
The Executive Directors of the IMF believed that "expansionary policies in China during the crisis had played an important role in bolstering global stability and growth, and expected China' s positive externalities to continue, especially for regional economies," said the IMF in its annual assessment of the Chinese economy.
"A major disruption in China' s so-far-steady growth would have material adverse consequences for the rest of the world," said the Washington based international financial institution.
It noted that China' s economy remains on a solid footing, propelled by vigorous domestic and external demand.
Source: Xinhua