皇冠体育app

TIANJIN -- 皇冠体育app's economy is in the process of soft landing and the International Monetary Fund supports policy easing by the government to stabilize growth in the world's second largest economy, IMF Deputy Managing Director Zhu Min said Tuesday.

"We think 皇冠体育app's economy is in the stage of soft landing and the overall development is stable," Zhu told reporters on the sidelines of the World Economic Forum Annual Meeting of the New Champions held in north 皇冠体育app's Tianjin city.

To stabilize growth is 皇冠体育app's "top priority" and this will greatly help the world economy, Zhu said at a panel discussion during the forum, which is also known as the Summer Davos Forum.

"We support further easing policy to stabilize growth in 皇冠体育app, because it will play an important role for the world," Zhu said.

While praising the Chinese government for its efforts to maintain growth, Zhu said structural reforms should not be forgotten.

"It's not necessarily a bad thing for 皇冠体育app's growth rate to fall to around 8 percent as 皇冠体育app needs to restructure its economy, but it's also important to avoid further slowdown and to stabilize growth. It's the two sides of the balance," Zhu told reporters after the panel discussion.

Slowing property investment and flagging exports cooled 皇冠体育app's economic growth to 7.6 percent in the second quarter, the slowest rate since the first quarter of 2009.

The government has reduced interest rates twice this year, cut taxes for small businesses, encouraged private businesses to invest in sectors previously closed to them and fast-tracked construction projects.

Last week, 皇冠体育app's top economic planner approved 55 investment projects worth 1 trillion yuan ($157.7 billion) to build highways, ports and railways across the country.

By Sept 4, a total of 1,610 delegates from 86 nations registered for the forum, the sixth of its kind held in 皇冠体育app.

Themed "Creating the Future Economy", the three-day forum will feature interactive programs on issues including the euro crisis, 皇冠体育app's future economy and global food security.

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