IMF: Asia-Pacific To Contribute More Than 70% To Global Economic Growth, With China Being Key Engine

The latest "Asia-Pacific Regional Economic Outlook" report seminar jointly sponsored by the International Monetary Fund (IMF) and the China Finance Forty Forum (CF40) was held in Beijing on May 11. This report predicts that the economic growth rate of the Asia-Pacific region will rise from 3.8% last year to 4.6% this year, contributing more than 70% to global economic growth. China's economy is expected to grow by 5.2% this year, and continue to be the engine of economic growth in the Asia-Pacific region and the world, up 0.8 percentage point from the forecast made in October last year.