On July 26th, 218, the International Monetary Fund (IMF) released the 218 annual report of China's economy, namely the consultation report on Article IV. The report pointed out that China's economy continued to perform strongly. China has made progress in several key areas of reform.

The report points out that China's GDP growth rate is expected to be 6.6% in 218. Overall inflation remains at around 2%, and it is expected to gradually rise to 2.5% in the future. China's economy and growth prospects continue to be strong, providing a window for China to accelerate its economic reform. The International Monetary Fund affirmed China's policy and determination to transform its economy from high-speed growth to high-quality growth, and appreciated the achievements of China's recent reforms, especially the measures to reduce financial risks and the continuous opening-up process.

James Daniel, Assistant Minister of the Asia-Pacific Economic Department of the International Monetary Fund, said that China's economy has performed strongly, with the GDP growth rate of nearly 7% last year and 6.7% in the latest second quarter. These data show that the economy is developing very strongly. Although the number of economic growth rate will gradually decrease in the future, it is an appropriate transformation process. I think it is very encouraging that China's reform measures have effectively controlled financial risks.

In addition, the International Monetary Fund said that in the past year, China has made progress in the field of de-capacity; Strengthen the control of environmental pollution; There are also signs of acceleration in the opening-up process. At the same time, the exchange rate of RMB against a basket of currencies was basically stable in 217, and it was assessed that the value of RMB was generally in line with the fundamentals.

The International Monetary Fund welcomes China's firm commitment to free trade and multilateralism.

James Daniel, Assistant Minister of the Asia-Pacific Economic Department of the International Monetary Fund, said that the IMF supports the opening of a multilateral trading platform, and we support any beneficial commitment to this.

The International Monetary Fund also believes that the current economic and trade frictions should be resolved in a way that can support and strengthen the international trading system and the global economy, and unilateral actions should not be taken.