Shift of balance of world economy to the east

The reporter observes the intense fluctuation the world economic situation is likely to incubate the new round world economic pattern. Lee Shi, head of global research group and chief economist at Standard Chartered Bank, told our correspondent yesterday that the world economy was in a super cycle. This is the historical stage of the high growth of the global economy, another feature is the continuous emergence of a number of rapidly growing economies. In the past two years, Western stimulus policies and strong growth in the east have helped boost the economy's rebound. In fact, the emerging economies, which now account for one-third of the world economy, have contributed two-thirds of the economic growth. This trend still seems to continue. The balance of economic and financial power is shifting from the west to the east. (Chenhailing)