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Article: China to continue rapid economic growth in next 30 years, although credit system needs reform.
- Article from:
- China Business News
- Article date:
- October 28, 2004
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China to continue rapid economic growth in next 30 years, although credit system needs reform
Beijing. October 28 INTERFAX-CHINA - Lin Yifu, Director of the China Center for Economic Research of Peking University said China will continue to grow with a 9% compounded annual GDP growth rate over the next thirty years, yet its credit system remains a great challenge and needs to be properly developed. He made the remarks speaking at the First China International Credit and Risk Management Conference attended by Interfax in Beijing.
"China's economy has maintained a 9.3% compounded annual growth rate in the last 25 years from 1978, the year of China's ...