China on track to maintain growth

The International Monetary Fund has predicted that China's economy will grow 4.8% this year, up 0.3 percentage points on what was forecast a year ago, saying it expects the world economy to slow further in the coming years.

- - ZHAO HUANXIN

Global growth was projected at 3.2% this year and 3.1% next year, the IMF said in its October World Economic Outlook, published on Oct 14 at the start of the annual IMF/World Bank autumn meetings.

The IMF's projection for China, close to China's goal of about 5% growth for the year, reflected the shifting effects of trade policy and domestic efforts.