China has major role in world economic recovery

China will lead the global economic recovery with its relatively fast GDP growth driven by stimulus plans and expanding domestic demand, the United Nations Conference on Trade and Development said on Sunday.

"Though China's economy is not expanding as fast as before, its GDP accounts for a growing share of the world economy," said Li Yuefen, head of the Debt and Development Finance Branch of the UNCTAD.

"China's domestic consumption surged significantly and has become the new driver for further growth. I agree that China is the locomotive of the world economic recovery," Li said.