IMF fixes projection of China's growth

The International Monetary Fund revised upward its forecast for China's economic growth on expectations of continued policy support, according to the latest IMF World Economic Outlook report released on Monday.

The IMF forecast 6.5 percent growth in China's economy in 2017, up 0.3 of a percentage point from its October forecast.

"Our China growth upgrade for 2017 is a key factor underpinning the coming year's expected faster global recovery," Maurice Obstfeld, the IMF's economic counselor and director of its research department, said at a news conference on Monday morning.