World Bank senior vice president and chief economist Justin Yifu Lin has warned that China’s sustained development will require re-balancing the economy.
China had sound fiscal position and 2 trillion U.S. dollars of foreign reserves, plus room for industrial and technological upgrading, Lin said during the 2009 Nobel Laureats Beijing Forum on Wednesday.
“I think it’s a [...]
The world economic recovery is still fragile, World Bank Senior Vice President and Chief Economist Justin Yifu Lin said Monday.
Delivering a lecture on the global financial crisis and economic imbalance at the University of Hong Kong, Lin said there were still many uncertainties in the prospect for the global economy.
The World Bank projected a contraction [...]
China NA has been driving an economic rebound in East Asia but the nation’s authorities should take note of the increasing costs of keeping expansionary policies, the World Bank said yesterday.
The bank upgraded its forecast for China’s economic growth this year to 8.4 percent from 7.2 percent predicted in June.
“China is on track to meet [...]
The World Bank on Wednesday raised China’s economic growth forecast for this year and projected sustainable and robust growth in 2010.
China’s gross domestic product would increase 8.4 percent this year, making the country’s goal of 8 percent within reach, the Washington-based lender said in its latest update on China’s economy.
In June, the bank raised its [...]
The world would experience a long and bumpy process to ride out the global financial crisis and developing countries may become the biggest victims, China’s former Vice Premier Zeng Peiyan said yesterday.
The world should build up a stable, predictable and diversified international currency system, Zeng told the Global Think Tank Summit, which was hosted by [...]
A survey released here Tuesday showed that although none of the European companies in China was immune to the financial crisis, most were still confident about the Chinese market.
The survey, published Tuesday by the European Union Chamber of Commerce in China in partnership with Roland Berger Strategy Consultants, questioned 313 European companies across China in [...]
