Amid rising international trade tensions, the International Monetary Fund has forecast a 6.6% growth for Chinese economy in 2018. The organization also anticipates that barring a major economic shock China will surpass the US to become the world's largest economy by the year 2030.

JIM SPELLMAN CGTN AMERICA "The IMF estimates the Chinese economy will grow at 6.6% in 2018. Down from last year's 6.9%, but in line with the IMF's projection in April and slightly higher than the Chinese Governments projection of around 6.5%. The IMF report says reform in the financial sector, a reduction in over-capacity in certain industries, anti-pollution efforts and accelerated opening up have all contributed to strong growth."

JAMES DANIEL, ASSISTANT DIRECTOR IMF, ASIA AND PACIFIC DEPARTMENT "We welcome the government's increased focus on switching high-speed to high-quality growth, in particular shifting from excessive debt financial investment to consumption will sustain growth, together with raising living standards, a cleaner environment, and much reduced financial sector risks."

JIM SPELLMAN CGTN AMERICA "The report also notes that the RMB has remained stable. The IMF says the longer term Chinese growth outlook remains strong as well and anticipates that barring a major economic shock China will surpass the US to become the world's largest economy by the year 2030, and keep expanding from there. They anticipate China will be the leading driver in global economic growth for the foreseeable future. The IMF says China has done a good job at reigning in credit growth, but it remains a threat and the IMF encourages China to continue with those efforts. The outlook is overwhelmingly positive but the IMF does encourage China to continue opening up while reforming state owned enterprises."