CRI听力:Expert: More efforts needed to address economic problems

The International Monetary Fund has projected the Chinese economy would grow 6.6 percent this year in a report released on Friday.

The IMF has also predicted the growth of the world's second-largest economy would fall below 6 percent by 2020.

The report notes while China's short-term growth prospects remain good, the country must take urgent actions to reform its economy to reduce the chance of a hard landing in the medium term.

It's been noted that resource misallocations, corporate debt, excessive capacity and lack of financial transparency are major problems that need to be addressed.

The report cites China's growing corporate debt as a particular concern.

IMF estimates the debt, excluding the financial sector, stood at around 120 percent of GDP in 2015, and could expand by more than 20 points by 2021.

With more on this, CRI's reporter Ding Heng spoke earlier with Professor Tao Ran, Director of China Center for Public Economics and Governance, Renmin University of China.