Latest News:  
Beijing   Cloudy/Sunny    24 / 14 ℃  City Forecast

English>>China Business

China's 8-pct growth to continue for another 20 years: leading economist


08:33, September 12, 2012

TIANJIN, Sept. 11 (Xinhua) -- Leading Chinese economist Justin Yifu Lin on Tuesday said he expects China's 8-percent annual economic growth to continue for another 20 years based on technological innovations and structural reforms.

Investment will still be a major driving force for future growth in the short term, Lin said at a session of the World Economic Forum's 2012 Annual Meeting of the New Champions.

Lin, a professor with Peking University and former chief economist with the World Bank, suggested that China's future economic stimulus package should put more weight on government investment rather than commercial loans to avoid excessive inflation.

China's growth has slowed due to drops in exports and insufficient investment, said Lin, adding that China's continued growth will bring prosperity to the whole world.

He also noted that public infrastructure investment is another answer to the ongoing global economic crisis, especially for developing countries.

News we recommend:
Golden Week boosts travel firms Inflation rebounds to 2% in August Vehicle sales increase, but dealers still see profits drop
Energy conservation: A New Investment Opportunity NDRC raises fuel prices Experts say 8% growth possible
Grape expectations from Argentina  Secrets of the Chinese travelers Answering the E-Waste Question


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Fighters conduct live-fire attack training

  2. North Korea in festive mood for National Day

  3. Experts say 8% growth possible

  4. The Peacock and Peacock princess Yang Liping

  5. Gao Xiaosong on America

  6. How to Photograph Fall Colors

Most Popular


  1. Commentary: EU needs to think big, like APEC
  2. Green economy should not be used as political card
  3. Hongkongers remain confused over identity
  4. 9/11 attack spurred mistaken wartime strategy
  5. Japan lost at sea among shifting priorities
  6. Regaining Diaoyu needs long-term efforts
  7. Expert: China needs more elite servicemen

What's happening in China

Bombing victims to sue in Chinese court

  1. Pricey Teachers' Day gifts create anxiety
  2. Rescuers track down missing hikers
  3. Social security for 54% of expats
  4. Predicted rain could hamper rescuers
  5. HK retains 'most expensive' ranking

China Features

  1. Miss World Eco-tourism 2012 crowned in Nanjing
  2. 'Voyager of the Seas' sets sail from Tianjin
  3. Which special tour is right for you?
  4. Cooperation promote sustainable economic growth
  5. Exclusive:A probe into GM rice test

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture