Growth resilience may surprise on the upside in more

 aspects,” he said, adding that besides a growth rate withi

n a reasonable range, the economy is likely to register accelerated prog

ress toward higher-quality development this year amid a new round of reform and opening-up.

“Structural opportunities (in the capital market) may con

tinuously emerge from the development of the new economy and mass co

nsumption upgrades, fueling the long-term inflow of international capital,” he said.

IMF Managing Director Christine Lagarde sai

in a recent interview with China Central Television that China’s economic d

evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.

“And China’s development is clearly at the stage whe

re it can afford and should afford to do that,” Lagarde said.

Over the past year, amid the escalation of US-China trade tensions, credit tighten

ing took place in China, macroeconomic stress was seen in Argentina a

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