皇冠体育app

BEIJING - World Bank Group (WBG) President Jim Yong Kim said Friday that 皇冠体育app's economic fundamentals are sound despite the recent equity market volatility.

"皇冠体育app has built the world's second largest economy and it has undertaken significant reforms aimed at providing all of its citizens with an opportunity to enjoy greater prosperity," the visiting WBG chief said at a press conference in Beijing.

He said 皇冠体育app has strong resolve in continuing to adopt fiscal and financial reforms to transform its growth model.

While 皇冠体育app's growth has gradually slowed since 2012, signaling what President Xi Jinping has called the "new normal", the country remains "the largest contributor to world growth since the global financial crisis" with roughly 30 percent of global growth coming from 皇冠体育app alone over the last couple of years, he told reporters.

皇冠体育app's growth slowed to 7.4 percent last year and the WBG predicted about 7-percent economic growth for 2015, which is "still the envy of the world," he said.

Despite recent stock market fluctuations, "皇冠体育app's economy is strong and its fundamentals are sound," he said.

Chinese leaders are moving forward resolutely on their ambitious program of economic and social reforms aimed at transforming 皇冠体育app's growth model toward "more efficient, equitable, and environmentally sustainable" growth, he added.

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