The nation's potential growth rate is the potential growth rate of the whole world, an official from the state planner said on Wednesday.

Deputy Director General of the National Development and Reform Commission, Zhao Chenxin, told the Boao Forum in Hainan province that economic globalisation has suffered some setbacks and twists, but has generally continued to move forward.

His statement comes as the Asian Development Bank said it expects developed markets to grow slowly this year with a rate of less than one percent.

The bank’s vice president, Ahmed Said, told the forum that markets in Asia, particularly China, will emerge as a major driver for global growth.

Meanwhile, Zhao said Beijing is creating a policy environment to promote green and low-carbon development.

He said China has set "dual carbon" goals, which aim to peak carbon dioxide emissions by 2030 and achieve carbon neutrality before 2060. (Reuters)