The International Monetary Fund and the China Finance Forum of 40 jointly held a presentation on the 11th to introduce the latest issue of the Asia Pacific Economic Outlook report released by the International Monetary Fund. The report predicts that the economic growth rate in the Asia Pacific region will be 4.6% this year, contributing nearly 70% to global economic growth; The Chinese economy is expected to grow by 5.2% this year, contributing over 30% to global economic growth and continuing to become an engine of economic growth in the Asia Pacific region and globally. Krishna Srinivasan, Director of the Asia and Pacific Department of the International Monetary Fund, said at the briefing that China's domestic demand, especially the expansion of consumer demand, is the main driving force for China's economic growth this year. The rapid recovery of the Chinese economy will have a more significant positive spillover effect on the Asian region. Every 1 percentage point increase in China's economic growth rate will drive the average growth of other Asian economies by about 0.3 percentage points
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