OECD expects 7% China growth in 2015, urges freer yuan


China's economy is likely to grow around 7% this year and 6.9% in 2016 as the government pushes reforms on interest rates and the currency and pursues slower but higher-quality growth, the OECD said on Friday.

China can avoid an abrupt slowdown as long as the government ensures an orderly unwinding of economic imbalances, the Organisation for Economic Co-operation and Development said in its latest survey on the world's second-largest economy. OECD Secretary-general Angel Gurria said he also expected domestic demand will.

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