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
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thailand to appoint former energy executive Pichai as finance minister, sources say
Consumer gulf widens as demand for premium and budget foods grows
‘To the Future’: Saudi Arabia spends big to become an AI superpower
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling