Justin Yifu LinChina＇s economic growth rate has been declining since 2010, falling to a six-year low of 7.3 percent in the third quarter of 2014. This has been the longest growth slowdown since the country adopted th...Justin Yifu LinChina＇s economic growth rate has been declining since 2010, falling to a six-year low of 7.3 percent in the third quarter of 2014. This has been the longest growth slowdown since the country adopted the reform and opening-up policy in 1978. In a recent article in the Reference News daily,Justin Yifu Lin,an economics professor at Peking University and former World Bank chief economist and senior vice president, attributed the slowdown mainly to external factors. Lin said China can still achieve a relatively fast growth of 7 percent or more by fully tapping its advantages as a latecomer. Edited excerpts of the article follow：展开更多
CHINA＇S stock market plunge and a depreciation of the yuan caused by the country＇s foreign exchange reform triggered turmoil in global markets in August. Some even claim that the yuan exchange rate will collapse, ca...CHINA＇S stock market plunge and a depreciation of the yuan caused by the country＇s foreign exchange reform triggered turmoil in global markets in August. Some even claim that the yuan exchange rate will collapse, causing capital outflow to spiral out of control. Market fears about China＇s fall are more prominent than they have been in a decade.展开更多
文摘Justin Yifu LinChina＇s economic growth rate has been declining since 2010, falling to a six-year low of 7.3 percent in the third quarter of 2014. This has been the longest growth slowdown since the country adopted the reform and opening-up policy in 1978. In a recent article in the Reference News daily,Justin Yifu Lin,an economics professor at Peking University and former World Bank chief economist and senior vice president, attributed the slowdown mainly to external factors. Lin said China can still achieve a relatively fast growth of 7 percent or more by fully tapping its advantages as a latecomer. Edited excerpts of the article follow：
文摘CHINA＇S stock market plunge and a depreciation of the yuan caused by the country＇s foreign exchange reform triggered turmoil in global markets in August. Some even claim that the yuan exchange rate will collapse, causing capital outflow to spiral out of control. Market fears about China＇s fall are more prominent than they have been in a decade.
