China still mainstay of global economy

World Bank chief says nation more than capable of achieving annual growth target of around 7%

China is still the mainstay of global growth and its economy is more than capable of achieving the annual growth target of around 7 percent despite the recent market swings, World Bank Group President Jim Yong Kim said on Friday.

"In light of the stock market fluctuations recently, I would like to emphasize that we believe China's economy is strong and its fundamentals are sound," Kim said at a news conference during his two-day visit to Beijing.