Standing up to a wave of pessimism about China’s prospects for continuing high-level economic growth is no easy task.But economist Lin Yifu, who recently retired as a senior vice president and chief economist at the World Bank, is holding his ground with a prediction that China’s gross domestic product will grow by 8 percent in 2012.Underpinning Lin’s sometimes controversial
Three top executives serving in recent years at the World Bank and its emerging markets financing arm International Finance Corp. (IFC) have called China home.Economist Cai Jinyong became the fourth in October 2012, when he was named IFC's Chief Executive Officer. It's a position at the Washington, D.C. -based institution that carries a four-year term.
At a symposium on the state of China’s economy in Beijing, economic experts from the Chinese People’s Political Consultative Conference shared findings suggesting the country still has growth advantages, despite doubts over its ability to maintain growth in the coming years. YANG CHENGXI Beijing “China achieved an annual GDP growth of 8.1 percent in 2021, .
Could the Chinese economy sail through the year 2022? The world s second-largest economy is well positioned to land at a growth rate above 5 percent this year, and the country is on trajectory to become a high-income country no later than the end of 2023, prominent Chinese economists said, sending an upbeat note for China to prelude a head start in 2022 while quashing a reverberating dim view of the prospects of the Chinese economy.
Chinese private companies are becoming a driving force in promoting industrialization and economic growth in Africa, with the level of China's investment in the continent rising steadily in recent decades, a report says.