Chinese Finance Minister and Chair of the Eighth APEC Finance Ministers Meeting Xiang Huaicheng held a working breakfast with Horst Koehler, managing director and chairman of the Executive Board of the International Monetary Fund (IMF) Saturday morning.

Xiang briefed about the economic growth in China. He said despite the negative impact of world economic situation, China is expected to sustain an economic growth of 7-7.5 percent this year.

Koehler said that in face of the slowdown of world economic growth, China served as a stabilizing force for the regional and world economy by maintaining a steady economic growth.

The two sides also exchanged views on such issues as the relations between international financial institutions and non- government organizations.

(Xinhua News Agency 09/08/2001)