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Home / Business / Specials

Economists, officials' comment on economy

Updated: 2012-09-17 11:10

By Hao Yan (chinadaily.com.cn)

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A new round of economic stimulus in China should depend on fiscal measures rather than sharply easing monetary policies…The country can retain an average annual growth rate of 8 percent over the next 20 years." Justin Yifu Lin, former chief economist at the World Bank Global 'Marshall Plan' to boost economic growth
	Justin Yifu Lin [Photo / Xinhua]

Sustainable growth will depend in large part on a rebalancing among investment, exports and consumption - the last of which will be primarily made possible if the social safety nets driving consumer spending are fully institutionalized." Klaus Schwab, founder and executive chairman of the World Economic Forum Vision needed to weather economic storm
	Klaus Schwab [Wang Jing / China Daily]

Every country needs to pick its own competitive edge, China has benefited from large-scale manufacturing-driven growth for a long time, so I think it's time to divert from massive manufacturing and replication capability, and look into self-innovation." Bhaskar Chakravorti, an economist at Tufts University in the United States Experts: it's now time to re-tool the 'world's factory'
	Bhaskar Chakravorti [Photo / Tufts.edu]

Chinese officials' comment on China's economy

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