WASHINGTON, D.C.: The International Monetary Fund (IMF) said on Thursday (Friday in Manila) that it welcomes China’s greater focus on high-quality growth over speed.

“The absence of a specific range for a growth target in 2021 is welcomed. And should reinforce this focus in high-quality growth, and rebalancing, which is a discussion we’ve been engaged in with Chinese authorities quite constructively for the last several years,” IMF spokesperson Gerry Rice told Xinhua at a virtual press briefing.

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