Lin: China's economy continues to grow at a high rate over the next 20 years
Source: Internet
Author: User
The Chinese government's efficient investment in infrastructure and the urbanisation of China will ensure that China's economy continues to grow at a high rate for the next 20 years, according to Lin Yifu, vice president and chief economist of the World Bank Xinhua News agency. When it comes to the negative impact of higher property prices on China's economy, Lin said the regulatory measures that the Chinese government has taken over the past few weeks will ensure a smooth economic run for China. Speaking of the renminbi exchange rate, Lin said that a revaluation of the renminbi does not solve America's employment problems, but will only increase the cost of living for American residents. Coincidentally, the Boao Forum for Asia, the Secretary-General, said in a speech in Shenzhen yesterday, "China's economy is sure to be double-digit growth this year."
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