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Business / Economy

China's economy transitioning not derailing: Davos experts

(Xinhua) Updated: 2016-01-22 08:21

China's economy transitioning not derailing: Davos experts

Christine Lagarde, Managing Director, International Monetary Fund (IMF), arrives for the session 'Where Is the Chinese Economy Heading?' of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland Jan 21, 2016. [Photo/Agencies]
"We see the transitions as manageable," Christine Lagarde, Managing Director of the International Monetary Fund (IMF) said, stressing calm in the face of recent volatility.

"There needs to be acceptance that there will be a certain degree of volatility; this is entirely compatible with market-driven principles," she said.

The International Monetary Fund said it expected China's economy, a major contributor to global growth, to grow by 6.3 percent in 2016.

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