China 'has room to stabilize economy and maintain growth'
Source: Xinhua |
January 19, 2012, Thursday
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Print Edition
Print Edition
CHINA'S economy can achieve a soft landing in 2012 despite a global economic slowdown, World Bank chief economist Justin Lin said yesterday.
Massive foreign exchange reserves will help it shrug off external pressures and maintain growth above 8 percent, Lin said.
China has "lots of room" for a stimulative fiscal policy to stabilize the economy and maintain rapid growth, Lin said.
To stimulate domestic demand, China can rely on investment or consumption, although the key will be to increase incomes, he said.
Massive foreign exchange reserves will help it shrug off external pressures and maintain growth above 8 percent, Lin said.
China has "lots of room" for a stimulative fiscal policy to stabilize the economy and maintain rapid growth, Lin said.
To stimulate domestic demand, China can rely on investment or consumption, although the key will be to increase incomes, he said.
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