China's Economy to Grow Above Six Percent

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Last updated at: (Beijing Time) Monday, April 15, 2002

China's Economy to Grow Above Six Percent

Chinese and foreign economists are predicting that China's economic growth is expected to remain at least six percent in the next 10 years. China's economy took a turn for the better since 2000. Though the growth rate slowed slightly last year, it still kept a high speed.

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Chinese and foreign economists are predicting that China's economic growth is expected to remain at least six percent in the next 10 years.

The view is shared by a number of government departments and international organizations.

Zhang Junkuo, director of the Market Economy Research Institute under the Development Research Center of the State Council, said China's economy would grow at a rate of between 6.9 percent and 8.1 percent in the 2000-2005 period and range from 6.4 percent to 7.8 percent in the 2005-2010 period.

The World Bank estimated China's growth rate at 6.9 percent in the first decade of the 21st century.

The Asian Development Bank predicted the economic growth rate to be no less than six percent in the period.

China's economy took a turn for the better since 2000. Though the growth rate slowed slightly last year, it still kept a high speed. The use of foreign funds was at a record high, Zhang Junkuo said.

Therefore, China's economy would grow at a high speed in the first five years, no less than eight percent, he added.

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