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China to grow 7% this year, but faces downside risks: OECD

But the risks are manageable, it says
Saturday, March 21, 2015 - 05:50
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FOREX FLEXIBILITY: 'Full interest rate liberalisation needs to be preceded by greater exchange rate flexibility to help the economy absorb shocks. A more flexible currency is also a prerequisite to opening up the capital account,' said the OECD.

Beijing

CHINA'S gross domestic product (GDP) will grow 7 per cent this year as the world's second-largest economy enters a "new normal" growth cycle, the Organisation for Economic Co-operation and Development (OECD) said in a report on Friday.

In its annual survey, it welcomed