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Thursday, 03 September 2009 |
During his third official visit to China, the World Bank Group President Robert B. Zoellick said Wednesday China's decision to pursue proactive fiscal and moderately loose monetary policies would benefit the economic recovery of both China and the world. He said China should not change its stimulating policies too early as uncertainties still exist for the country's economic recovery.
"Through its massive stimulus and strong lending program, China has contributed to the early signs of a global recovery by keeping its growth rate up," said Zoellick.
With China's economic growth close to 8 percent and signs of stabilization in many countries in Asia and around the world, the chances of a truly global recovery have increased measurably, but he said the challenge for the global economy was to maintain proper stimulus fiscal and monetary policies to achieve real recovery without causing inflation.
Zoellick said the international financial crisis was developing in a wave-like fashion, so it was possible for new problems to rise in the United States in such fields as credit card debt, consumer loans and the still sluggish real estate market.
"The World Bank need to maintain close attention to giving the recovery a boost," he said. |
China News 
