Foreign experts: Chinese economy will not suffer a hard landing

Edited and Translated by People's Daily Online

At the China Development Forum 2012 sponsored by the Development Research Center of the State Council, noted economists and government officials from home and abroad shared their views about the Chinese economy in order to find the sustainable development direction for China.

The attendees said that the global economic situation will be even worse without China's contribution to the world economic growth and stability.

The role of China will be more important

Now that the current global economic outlook is still weak, China’s effort to the world economy has become more significant, said Christine Madeleine Odette Lagarde, president of the International Monetary Fund. China should continue to play an important role in global policy discussions and continue to accelerate the economic transformation.

Lagarde said that China should continue to support economic growth and transform the economic growth pattern from relying on investment and exports to relying on domestic demand, improving the living standards of people and making them share the benefits brought by the sustained and rapid growth. Excitingly, these suggestions are supported by the Chinese government and reflected in its 12th Five-Year Plan.