China faces \\\'serious obstacles\\\'
Monday, 24 March 2014
International Monetary Fund (IMF) chief Christine Lagarde on Monday urged China to carry out reforms to make its economic growth model more inclusive, cleaner and sustainable. "While headline growth numbers remain impressive, this disguises some serious obstacles that need to be overcome," Lagarde said in a speech at a forum in Beijing. "The challenge is clear: to make growth more inclusive, friendlier to the environment, and more sustainable," she said. China's gross domestic product (GDP) grew 7.7 percent in 2013, unchanged from the year before. Though stronger than most other economies, it remained the country's worst result since 1999, according to AFP.