On July 24, International Monetary Fund (IMF) President Christine Lagarde said in Washington, the capital of the United States, that if the current global economic development trend continues, it means that by 2027, some large emerging market economies whose current influence is underestimated will

should be fully reflected, and the future headquarters of the IMF will be moved to Beijing, the capital of China.

On the same day, the IMF released the latest "World Economic Outlook" report, believing that the global economic recovery has stabilized and the cyclical recovery is continuing.

The growth rates in the first quarter of 2017 for large emerging and developing economies such as Brazil, China, and Mexico, as well as some developed economies such as Canada, France, Germany, Italy, and Spain, were higher than those predicted in the April World Economic Outlook.

Indicators for the second quarter suggest global economic activity continues to strengthen.

For the world's top two economies, the IMF lowered its 2017 growth forecast for the United States from 2.3% to 2.1%, and its 2018 growth forecast from 2.5% to 2.1%.

The IMF said that while the downward revision to 2017 partly reflects weaker growth performance in the first quarter of this year, the main factor in the revision of growth forecasts, particularly for 2018, is the assumption that fiscal policy will be less expansionary than previously

Because the timing and nature of changes in U.S. fiscal policy are uncertain, market expectations for fiscal stimulus have also diminished.

For China, the IMF raised its economic growth forecast for this year and next.

The IMF believes that China's economy will remain at 6.7% in 2017, the same as in 2016, and will only drop slightly to 6.4% in 2018.

The 2017 forecast was revised upward by 0.1 percentage point.

Although this report keeps its global growth forecast unchanged, it adjusts each country's assessment of its contribution to global growth.

Obstfeld, chief economist of the IMF, said that maintaining strong and stable growth of China's economy is very important to the world economy, and China will continue to be the main driving force of global economic growth.

At an event to introduce the report that day, Lagarde looked forward to the IMF's prospects for the next 10 years and talked about the organization's internal reform issues.

Lagarde said that the future of the IMF depends on whether it can reflect the representative status of member states better than it is now. "If the current trend continues, it will mean that in 2027, some large institutions whose current influence is underestimated will

The impact of emerging market economies should be fully reflected."

Lagarde said that if the current conversation takes place 10 years later, then the location may not be Washington, but in Beijing, the headquarters of the IMF.

IMF regulations stipulate that the institution's headquarters should be located in the world's largest economy.

Since the IMF was established in 1945, its headquarters has been located in Washington, the capital of the United States, the world's largest economy.

Some economists believe that based on current growth trends, China may surpass the United States' economic aggregate within 10 years and become the world's largest economy.