Zoellick agrees on policies to expand
By Alan Wheatley |
September 3, 2009, Thursday
|
Print Edition
Print Edition
CHINA is pleased with the recovery of its economy but believes it needs to maintain stimulative monetary and fiscal policies, World Bank President Robert Zoellick said yesterday.
Zoellick, who met Premier Wen Jiabao and other officials during a visit to China, said he agreed that China should maintain relatively expansionary policy settings for now rather than thinking of an exit strategy.
"I agree with what I heard in China: that we need to maintain close attention to giving the recovery a boost," Zoellick told a news conference.
He welcomed efforts that China has made to boost domestic demand and said China could afford to prioritize stimulus policies because inflation is not now a threat.
The World Bank in June raised its forecast for 2009 Chinese growth to 7.2 percent from 6.5 percent and to 7.7 percent for next year. Both figures are about a percentage point below market consensus.
Zoellick struck a more bullish note of about 8 percent growth this year.
Zoellick, who met Premier Wen Jiabao and other officials during a visit to China, said he agreed that China should maintain relatively expansionary policy settings for now rather than thinking of an exit strategy.
"I agree with what I heard in China: that we need to maintain close attention to giving the recovery a boost," Zoellick told a news conference.
He welcomed efforts that China has made to boost domestic demand and said China could afford to prioritize stimulus policies because inflation is not now a threat.
The World Bank in June raised its forecast for 2009 Chinese growth to 7.2 percent from 6.5 percent and to 7.7 percent for next year. Both figures are about a percentage point below market consensus.
Zoellick struck a more bullish note of about 8 percent growth this year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
