03.07.08
China set for 30 years more years of fast growth: World Bank’s Lin
According to world bank chief Justin Lin Yifu gave a statement on Friday that China’s economy will keep growing fast for up to 30 more years. China is growing because of its vast domestic market and foreign investment. China’s historic economic transformation began 30 years ago when the nation’s then-leader, Deng Xiaoping, began a capitalist reform programme under the firm control of the Communist Party. Since then, hundreds of millions of people have been lifted out of poverty and China’s economy has grown to become the fourth biggest in the world. China’s inflation hit an 11-year high in January with economic growth rising at double-digit pace for a fifth straight year in 2007.Click here for more.