Policy flexibility key to sustained growth

As China adjusts its economic structure, there is a risk that the nation's GDP growth will fall below 6.5 percent at times during 2015, a report by the International Monetary Fund has said.

The multilateral lending agency said that China would need to "calibrate" its macroeconomic policies in such a manner that it can effectively manage the economic slowdown and keep GDP growth at around 7 percent - the annual growth target, and give further impetus to reforms that focus on restructuring, the report said.

"The policies need to mitigate the tightening bias, instead of reversing the reform course," said Alfred Schipke, chief representative of the IMF in China.