The World Bank report predicts China's economic growth of 9% this year continues to lead the world

Xinhua Beijing, January 22, the Wednesday release of the 2010 Global Economic Outlook report that Asia's growth beyond the global, so that the Asian developing countries this year to face asset bubbles or overheating risk.　　In addition, the report noted that in 2010 China will continue to lead the world with a growth rate of 9%, well above the global economic growth rate of only 2.7%.　　China will continue to lead the global economy by 9% in 2010, well above the global growth rate of just 2.7%, according to the World Bank's 2010 Global Economic Outlook, Taiwan's economic daily quoted foreign reports as saying.　　Hans Timmer, head of the World Bank Development Outlook Group, who wrote the report, said that China's economic revitalization programme has succeeded in boosting production capacity, Timmer China as an important driver of the global economic rebound. Andrew Burns, head of the World Bank's overall economic forecast, said: "We have seen some signs of Burns and tightening in the Chinese economy, especially in the real estate sector." "However, there is still controversy over whether China has formed an asset bubble."　　Some economists say housing prices in Beijing and other big cities are rising, reflecting bubbles, but other economists argue that overheating does not mean the bubble will burst.　　The report notes that East Asian developing countries will have a growth rate of 8.1% per cent in 2010, higher than the November estimate of 7.8% and a 7% increase in growth this year in South Asia.　　"The risk of economic decline in East Asia has been reduced by benefiting from the improvement of the global financial environment and the growth of the economy," the bank said, but capital inflows could spark "another wave of asset bubbles, this time in emerging markets where bubbles may have a short-term adverse effect". The report notes that Asia is leading the global economy to recover from the worst recession since the two post-war period, when countries around the world cut interest rates and announced a 950 billion dollar economic recovery plan. Some Asian central banks are now starting to raise borrowing costs or other measures to reduce excess capital in the banking system to counter inflation pressures.