KUALA LUMPUR Alex Morgan USA Jersey , July 24 (Xinhua) -- The International Monetary Fund (IMF) on Monday revised up China's growth forecast for 2017 and 2018 to 6.7 percent and 6.4 percent respectively.


The updated World Economic Outlook report, which came days after China posted a stronger-than-expected second quarterly performance, was a reflection of a solid first quarter underpinned by previous policy easing and supply-side reforms, including efforts to reduce excess capacity in the industrial sector, the IMF said.


China has set its full-year growth target at "around 6.5 percent." The 6.7-percent forecast will leave the world's second-largest economy on a par with its growth level in 2016.


The fund also revised up China's economic forecast for 2018 by 0.2 percentage point to 6.4 percent, citing expectations that China may maintain high public investment and delay fiscal adjustment to meet its target of doubling the 2010 real gross domestic product (GDP) by 2020.


But the IMF also warned against strong credit growth that may come with rising downside risk to medium-term growth.


Maurice Obstfeld, chief economist of the IMF, recommended China go through a very important rebalancing process, which will inevitably entail a slowing path of growth.


He said China's recent moves to redress non-performing loans and a coordinated financial oversight overhaul are welcome.


The revision followed an April upgrade by the IMF on China's GDP growth forecast to 6.6 percent and 6.2 percent for 2017 and 2018 respectively, 0.1 percentage point and 0.2 percentage point higher than its forecast in January.


Chinese naval fleet arrives in Greece for friendly visit


China's Sun Yang defends 400m freestyle title with top result in Budapest


Highlights of Int'l Aviation and Space Salon MAKS-2017 in Zhukovsky, Russia


People attend funeral of 3 Israelis killed by Palestinian


Weekly choices of Xinhua photo (July 16 - July 23)


In pics: Junior Carnival Parade of 2017 Toronto Caribbean Carnival


AOPA-China Fly-In 2017 air show opens in SW China's Guizhou


In pics: Xinjiang's most beautiful highway


WASHINGTON, June 29 (Xinhua) -- U.S. real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the first quarter of 2017, said the U.S. Commerce Department on Thursday, but it was still the worst performance since the second quarter of last year.


The growth rate was revised up from two previous gauges of 1.2 percent and 0.7 percent, according to the final assessment of the economy for the period issued by the Commerce Department.


The higher growth rate was mostly driven by unexpectedly higher consumer spending and a hike in exports.


Consumer spending, which accounts for two-thirds of the U.S. economic activities, increased by 1.1 percent in the first quarter, almost double the 0.6 percent last month, but remains the weakest reading since the second quarter of 2013.


U.S. exports growth rate for the period was also revised up to 7.0 percent from an earlier 5.8 percent.


Despite the upward revision to GDP, U.S. economic performance was still lackluster compared with other developed economies. The economic growth rate of the United States in the first quarter was only higher than that of Britain and Japan among G7 countries.


Also, in recent years the U.S. economy has tended to underperform in the first quarter relative to the rest of the year due to statistical issues. The government has said it is working to resolve those issues.


President Xi meets HKSAR chief executive


Xi attends Hong Kong Palace Museum cooperation agreement signing ceremony


Xi arrives in Hong Kong for 20th return anniversary


Torrential rain hits C China's Hunan


China, Kyrgyzstan hold anti-terror drill in Xinjiang


In pics: woodblock movable type printing in C China


Muslims celebrate Eid al-Fitr worldwide


Plane Pull fundraising campaign held in Vancouver, Canada


LONDON, July 31 (Xinhua) -- Britain will provide additional fencing and sniffer dogs to help ease the ongoing Calais migrant crisis, British Prime Minister David Cameron said on Friday.


Cameron made the pledge after chairing a meeting of the government's emergency committee to discuss the response to the migrant problem.


"The prime minister set out his concern about the impact that repeated illegal migrant incursions into the Eurotunnel is having on both sides of the Channel," a Downing Street spokesperson said after the meeting.


The meeting focused on what more could be done to deal with the immediate security issues on the French side and discussed new measures to help reduce disruptions to local businesses and people.


The British government will further boost security by funding additional fencing to "shore up as much of the perimeter as necessary," and more border force search and dog teams will also be sent in, Downing Street said.


The British Ministry of Defense and the Department for Transport are working with local agencies to create alternative parking zones to alleviate the traffic pressure in the border area.


New powers to tackle illegal working and abuse of the British asylum system will be sped up.


According to earlier reports, a migrant died while trying to cross to Britain from France early on Wednesday, bringing to nine the number of migrants who lost their lives in the tunnel since early June.


A Sudanese man aged between 25 and 30 died in Calais, north France, after being hit by a lorry while trying to cross the Channel tunnel to reach British doors, the French news channel BFMTV reported.


According to Eurotunnel, 1,500 migrants tried to access the tunnel on Tuesday night and 2,000 other attempts were reported the previous night.


Calais, where the French end of the Channel Tunnel is located, has been flooded by growin. Cheap Jerseys Cheap Jerseys China Wholesale Jerseys Wholesale Cheap NHL Jerseys Wholesale NFL Jerseys From China Wholesale NCAA Hockey Jerseys Wholesale Cheap Basketball Jerseys Cheap Jerseys China Cheap Jerseys Cheap Jerseys From China