Growth in Asia shows signs of improving  

国际货币基金组织：亚洲未来两年经济形势好转

国际货币基金组织6日在京发布《地区经济展望报告》。报告认为，当前全球金融风险减弱，金融环境改善，资本回流亚洲，经济活动回暖。

Beijing (CNS) -- The International Monetary Fund (IMF) issued a report on regional economic outlook in Beijing on Monday, saying growth in the Asia region shows signs of improving.

Asia's economic prospects have improved as extreme risks from advanced economies receded and domestic demand remains resilient, supported by relatively easy financial conditions and robust labor markets, according to the report.

External pressures on Asian economic development, including risks from the break-up of the eurozone and the US fiscal cliff, have been reduced this year, according to Kevin C. Cheng, one of the authors of the report, at a conference held at Renmin University in Beijing on Monday.

Although economic pressures emanating from advanced economies have receded, risks from within Asia, such as rising financial imbalances in some economies, are coming clearer into focus, said Cheng.

Insufficient public spending in medical care and education in Asian countries is also not conducive to long-term development of the region's economy.

China's commitment to boosting its domestic demand and restructuring the economic pattern is quite wise and sensible, he said.

Cheng also suggests Chinese policy makers invest more in medical care and education, in order to maintain social stability, and further promote economic development for the country.