IMF lauds global role played by economy

But report notes inflation, property bubble and credit quality problems

WASHINGTON - China will continue to drive global economic development with an estimated growth rate of 9.6 percent this year, despite signs of an economic slowdown, the International Monetary Fund (IMF) said in a report issued on Wednesday.

China, however, still faces a number of risks, such as high inflation, a precarious property bubble and a decline in credit quality due to an excessive amount of bank loans, according to the annual IMF report on China.