"After averaging around 40 per cent of GDP during the 1990s, China's gross domestic savings rate has increased sharply to close to 50 per cent of the GDP over the past five years.
"This has been accompanied by a smaller -- but still substantial -- rise in gross capital formation to about 45 per cent of GDP, along with a widening external current account surplus," it said.
The fund said present levels of savings and investment are very high, both in terms of China's own historical experience and by comparison with experience in other advanced or developing countries.
Another IMF publication titled 'China's Growth and Integration into the World Economy--Prospects and Challenges,' says, "China's economy has good potential for sustained robust growth over the medium term, based on its attractiveness as a destination for FDI, a high domestic savings rate, underlying improvements in production stemming from reduced barriers to both internal and external trade, and significant surplus labour."
"But fulfilling its potential for high growth and continued integration with the global economy will depend largely on successful management of the diverse set of financial and social risks that China faces," it said.