Momentum 'to help power global recovery' as focus switches to domestic demand

BEIJING - China's expansion has served as a "linchpin" for global trade and boosted numerous economies, the International Monetary Fund (IMF) said in a report, while urging countries, including China, to achieve balanced growth.

The Washington-based fund projected that the Chinese economy would grow by 10.5 percent this year and 9.6 percent next. This is in contrast to the report's predictions of global growth of 4.8 percent in 2010 and 4.2 percent in 2011.