Economist: China's economy has positive but limited effect on world economic development

2009-3-23 11:22:52

Fan Gang, director of the National Economics Research Institute of China Reform Foundation, delivers speech at the opening session of the academic summit of China's Development and Reform in the Global Financial Crisis of China Development Forum 2009 in Beijing, capital of China, Mar. 21, 2009.(Xinhua Photo)

China's economic recovery has positive but limited effect on world economic development, economist Fan Gang said at the China Development Forum 2009.

China is a developing country, and its economic recovery would have limited effect on world economy, which would pull out of downturn only after the recovery of major economies, said Fan, a member of the central bank's monetary policy committee.

Fan said the country was likely to hit the 8-percent economic growth target this year.

China Development Forum 2009 runs here in Beijing from Saturday to Monday, with the theme of China's Development and Reform in the Global Financial Crisis.

Oversea experts attend the opening session of China Development Forum 2009 in Beijing, capital of China, Mar. 21, 2009. Over fifty leaders of multinational corporations, senior officials of international organizations and well-known scholars are invited to attend the 3-day forum this year which focus on the topic of China's development and reform in the global financial crisis. (Xinhua Photo)

Photo taken on Mar. 21, 2009 shows the meeting hall of China Development Forum 2009 opening session in Beijing, capital of China. Over fifty leaders of multinational corporations, senior officials of international organizations and well-known scholars are invited to attend the 3-day forum this year which focus on the topic of China's development and reform in the global financial crisis.(Xinhua Photo)

Photo taken on Mar. 21, 2009 shows the meeting hall of the opening session of the academic summit of China's Development and Reform in the Global Financial Crisis of China Development Forum 2009 in Beijing, capital of China. Over fifty leaders of multinational corporations, senior officials of international organizations and well-known scholars are invited to attend the 3-day forum this year which focus on the topic of China's developemtn and reform in the global financial crisis. (Xinhua Photo)

Source: Xinhua