China to grow 7% this year, but faces downside risks: 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 China's new growth rates, saying they were sustainable, although there were many risks going forward.