China's 2020 GDP likely to double June forecast

The International Monetary Fund has predicted that China's economy will expand by 1.9 percent this year, nearly double the rate forecast in June, and the country is expected to continue to lead the global economic recovery with robust production and a solid services sector rebound, economists said on Wednesday.

China continues to be the only major economy to show positive growth in 2020 and its GDP growth is expected to reach 8.2 percent next year, according to the World Economic Outlook released by IMF on Tuesday.

The projection came as China is expected to release its third quarter economic data next week.

Some economists have forecast that China's GDP growth rate is likely to pick up to above 5 percent following a strong rebound of 3.2 percent in the second quarter.