Experts on China's economic growth

CNC
Added On January 13, 2019

 China will be able to maintain a growth rate around 6.5 percent and continue to contribute about 30 percent of the growth to the global economy.

Former senior vice president and chief economist of the World Bank Justin Lin Yifu made the remarks in New York.
 
Lin attributed his optimism to the fact that the Chinese economy will enter the expansionary stage of ongoing supply-side structural reforms in the coming years.
 
SOUNDBITE(ENGLISH) JUSTIN?LIN YIFU, Former WB Senior Vice President:
"Looking ahead, what will be the prospect for China's growth in 2019...I'm confident. China will be able to maintain a growth rate around 6.5 percent, up or down, but around 6.5 percent. My main reason is that Chinese government policies certainly are responsive contingent."
 
He pointed out that China has achieved its goals of reducing excessive capacity, destocking?and deleveraging.
 
And the country's focus will now shift to reducing administrative costs and burdens on enterprises and removing bottlenecks to growth.
 
Lin said policies such as cutting down tax rates and reducing red tape will not only boost investment but also create a favorable environment for business.
 
SOUNDBITE(ENGLISH)JUSTIN?LIN YIFU, Former WB Senior Vice President
"The Chinese market, Chinese growth will be an opportunity for the Chinese people. But it will (also)be an opportunity for the business community in the world, including the business community in the U.S."