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China to grow 7% this year, but faces downside risks: OECD
But the risks are manageable, it says
Published Fri, Mar 20, 2015 · 09:50 PM
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.
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