Country to remain biggest contributor to global growth

Economic engine: Cargo ships at Qingdao port in China. — AFP

Beijing: China will likely remain the biggest contributor to global growth this year and next despite recent economic headwinds from the real estate sector, the International Monetary Fund (IMF) says.

Steven Barnett, senior resident representative of the IMF in China, said last Friday, although the fund has revised down its gross domestic product growth forecast for China, the country is expected to contribute roughly one-third of global growth this year and next.