Despite country's slowdown, it will have critical influence, report says

China's effort to adapt to changing realities, including its slowdown in GDP growth, is an important factor influencing the global economy in 2016, according to the International Monetary Fund.

While global growth is forecast to rise to 3.4 percent in 2016 and 3.6 percent in 2017, China is expected to continue slowing, with its growth rate dropping to 6.3 percent in 2016 and 6 percent in 2017, the international financial organization said in its World Economic Outlook update on Tuesday.