Davos, Switzerland - Recent
1. Various of venue for 47th World Economic Forum (WEF)
2. Flags of WEF participating members fluttering
3. Sign for World Economic Forum

Davos, Switzerland - Jan 18, 2017
4.SOUNDBITE(English) Christine Lagarde, managing director, International Monetary Fund (partially overlaid with shot 5):
"To grow a little bit more slowly, to have a moderate growth forecast proposal is just what it should be. In the last few months, the Chinese authority has decided to stimulate the Chinese economy, and hopefully to accompany the multi-layered transition from heavy investment to more consumption, from massive export to more domestic market. That stimulus hopefully is going to sustain the Chinese economic growth in the direction of those transitions. That’s the reason why we have slightly updated our forecast for growth in China."
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5. Various of Lagarde in interview
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Davos, Switzerland - Recent
6. Clock
7. Town
8. Sign for Davos Forum

Davos, Switzerland - Jan 18, 2017
9. SOUNDBITE (English) Christine Lagarde, managing director, International Monetary Fund (partially overlaid with shot 10):
"The policy that has been decided in terms of fiscal stimulus, particularly if it is intended to reduce the investment level and encourage consumption and improve the welfare of the people is perfectly appropriate. We hope that the credit increase that we have seen over the years in China will be reined and will be kept under control, because that will be helpful in terms of stability going forward. I know the authority is trying to do that."
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10.Various of Renminbi banknotes being counted
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Dhaka, Bangladesh - Recent
11. Various of pedestrians, traffic
12. Tailor at work
13. Various of woman pumping water

Davos, Switzerland - Jan 18, 2017
14. SOUNDBITE (English) Christine Lagarde, managing director, International Monetary Fund (starting with shot 13):
"The project that has been launched by President Xi, the One Belt, One Maritime Road, and the infrastructure investment that go with it support that better growth and more infrastructure projects which we believe are necessary in some of the countries that have been targeted by China. So to that extent, we found the proposal interesting and conducive to stability."

Davos, Switzerland - Recent
15. Sign reading "Davos, Klosters"
16. Billboard
17. Town in snow

A moderate forecast for China’s economic growth is reasonable, as the country eyed on the long-term stability, said Christine Lagarde, the managing director of the International Monetary Fund (IMF) on Wednesday in an interview on the sidelines of the annual meeting of World Economic Forum (WEF) in Davos, Switzerland.

Chinese President Xi Jinping said at the business summit that China’s economic growth was expected to reach 6.7 percent in 2016.

On Monday, IMF raised China's growth forecast for 2017 to 6.5 percent from 6.2 percent, a projection made last October.

Lagarde said there is no need to worry that the world’s second largest economy grows slower.

"To grow a little bit more slowly, to have a moderate growth forecast proposal is just what it should be. In the last few months, the Chinese authority has decided to stimulate the Chinese economy, and hopefully to accompany the multi-layered transition from heavy investment to more consumption, from massive export to more domestic market. That stimulus hopefully is going to sustain the Chinese economic growth in the direction of those transitions. That’s the reason why we have slightly updated our forecast for growth in China," she said.

Lagarde added that some stimulus polices have begun to take effect, but the increasing credit risks deserve more attention.

"The policy that has been decided in terms of fiscal stimulus, particularly if it is intended to reduce the investment level and encourage consumption and improve the welfare of the people is perfectly appropriate. We hope that the credit increase that we have seen over the years in China will be reined and will be kept under control, because that will be helpful in terms of stability going forward. I know the authority is trying to do that," said the IMF chief.

Lagarde also expressed great interest in the Belt and Road Initiative, proposed by China with an aim to revive the ancient trade routes.

"The project that has been launched by President Xi, the One Belt, One Maritime Road, and the infrastructure investment that go with it support that better growth and more infrastructure projects which we believe are necessary in some of the countries that have been targeted by China. So to that extent, we found the proposal interesting and conducive to stability," she said.

Official data showed that China’s economy grew by a better-than-expected 6.7 percent in the first three quarters of 2016, bringing it closer to its full-year target of between 6.5 percent and 7 percent.

China’s National Bureau of Statistics is scheduled to release the country’s gross domestic product in 2016 on Friday.