IMF Chief Confident about China's Economy
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

International Monetary Fund Chief Christine Lagarde. [File Photo: guancha.cn]

Economists have stated that world markets "overreacted" to China's economic slowdown.

The comment was made during a panel at the World Economic Forum Annual Meeting in Davos, Switzerland.

International Monetary Fund Chief Christine Lagarde says the Chinese economy is going through a bumpy transition.

"On China, I've heard for the last ten years that we are just about to see a hard landing, everybody here on this panel tells you, that we are not seeing a hard landing, we are seeing an evolution, a big transition which is going to be bumpy, which will offer some turbulences, we are going to get used to it and it is a very normal and proper way to actually move towards a more sustainable and quality growth, we all hope."

The Chinese government announced earlier that its economy grew by 6.9 percent in 2015, the slowest rate in a quarter century.

The slowing growth fueled fears in the global market, amid lower-trending commodity prices.

For more on this topic, CRI’s Shane Bigham spoke with Mike Bastin, Director of the China Business Centre at Southampton Solent University based in London.

Author： 　　　Source：CRI　　　 Editor：Yang Fan