China’s economy in soft landing: IMF official

China’s economy is in the process of soft landing and the International Monetary Fund (IMF) supports policy easing by the government to stabilize growth in the world’s second largest economy, IMF Deputy Managing Director Zhu Min said Tuesday.

“We think China’s economy is in the stage of soft landing and the overall development is stable,” Zhu told reporters on the sidelines of the World Economic Forum Annual Meeting of the New Champions held in north China’s Tianjin city.

To stabilize growth is China’s “top priority” and this will greatly help the world economy, Zhu said at a panel discussion during the forum, which is also known as the Summer Davos Forum.

“We support further easing policy to stabilize growth in China, because it will play an important role for the world,” Zhu said.

Meanwhile, structural reforms should not be neglected, he said.

Xinhua