OECD: Economy on strong growth path

The Chinese economy "remains strong" as consumption and the services sector continues to drive growth, said a report released by the Organization for Economic Cooperation and Development on Tuesday.

Year-on-year GDP growth rate for the world's second-largest economy is expected to reach 6.2 percent in 2019 and 6 percent in 2020, versus 6.6 percent in 2018, it said.

Despite the slowdown, the growth "remains strong by international standards" and China will continue to be the biggest contributor to global economic growth, said Ludger Schuknecht, deputy secretary-general of the OECD.