Lagarde Has Confidence In China'S Economy.

IMF predicted earlier this year that China's economy will grow by 6.8% this year, lower than China's official 7% target.

However, IMF continues to say that China's economic data are still relatively strong.

(IMF) President Lagarde expressed confidence in China's economy.

Lagarde said: "economic growth is slowing down, but not surprisingly.

The pition to a more market-oriented economy and the regression of accumulated risk in recent years is complex and may be a bit bumpy. "

Lagarde's confidence also comes from confidence in the Chinese government's ability to deal with problems.

She said that even if the Chinese economy encountered some small bumps, the Chinese authorities had

And financial buffering to manage this change.

In addition, IMF also lowered global economic growth expectations.

It points out that global economic growth is weaker than the expected growth of 3.3% in July, thanks to the slow growth of developed economies and the further decline of emerging economies.

Lagarde predicted: "Asia will lead the global economic growth, but Asia's economic growth is less than expected.

In the recent global turmoil and risk aversion, it may even be lower.

She also pointed out that other emerging economies must be vigilant against China's slowing proliferation effect and tighter global financial situation, and the prospect of US interest rate hike may also pose a risk to emerging economies such as Indonesia.

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In September 1st, the Executive Council of the State Council decided to set up a national SME development fund.

The central government has invested 15 billion yuan in the integration of funds and set up a national SME development fund with a total scale of 60 billion yuan to stimulate the "double creation" capability of SMEs.

The meeting held that the reform and innovation of investment and financing mechanism, strengthening the directional regulation and control, making the active fiscal policy more precise and effective, alleviating the financing difficulties and financing of SMEs, is of great significance for expanding employment, promoting entrepreneurship, innovation and enhancing the development of new kinetic energy.

The meeting decided that the central government should invest 15 billion yuan in the integration of funds, leverage the leverage and multiplier effect of the innovation mechanism, and attract private and state-owned enterprises, financial institutions and local governments to participate in the establishment of a national SME development fund with a total scale of 60 billion yuan. Through the establishment of parent funds and direct investment funds, the development of small and medium sized enterprises in seed stage and initial stage should be supported in a market-oriented way.

The fund adopts a limited partnership in principle, and its fundraising, establishment, management, income distribution and expiration date are all operated according to the principle of marketization.

We should attract more social capital and stimulate the "double creation" of the SMEs through the measures such as giving priority to dividends from the social investors and giving appropriate profits from state capital contributions.