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China's economic growth breathtaking, but reforms are needed: OECD

Report suggests continued efforts to rebalance economy from investment to consumption and to address key risks

Published Sun, Mar 26, 2017 · 09:50 PM

Tokyo

CHINA'S economic expansion has been "breathtaking" and the country is set to remain the major driver of global growth in the foreseeable future, the Organisation for Economic Co-operation and Development (OECD) has concluded in a new report.

The country's per capita gross domestic product is "on course to almost double by 2020 from 2010 levels", said the report, while also noting that the Chinese economy needs to become more efficient, stable and inclusive as well as greener.

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