Economic fundamentals still sound
Editor's Note: China's economic slowdown has drawn global concern. Three experts with China's top planning body give their readings of China's economy. Excerpts:
The International Monetary Fund and other organizations have lowered their forecasts for global economic growth this year. Although China's economic growth is somewhat slower than the previous years, the economic growth of 6.9 percent in the third quarter is still relatively fast worldwide. The growth rate is much higher than not only the developed economies but also some emerging markets.
In 2014, China's GDP reached more than $10 trillion. On the basis of economic growth of 6.9 percent, the increment this year will be the equivalent of a medium-sized country's total economy. This year China has contributed about 30 percent to the world's economic growth, which continues to rank first in the world.