Chinese Mandarin - Forecast: Ch Home Business China International Culture��Edu Sci��Tech Sports Life Travel P hotos ��Search China Observer �� Environmental protection at a crucial moment �� Why are Chinese disinclined to show wealth? �� Rapid growth in China's foreign reserves is rational Photos �� Mobile New Year decoration booths �� Hangzhou: Ballet "Notre Dame De Paris" on show �� Rooster-shaped wine bottle ��Home>>China Forecast: China's economy will achieve soft landing in 2005 www.chinanews.cn 2005-02-02 13:41:48 Chinanews, Beijing, Jan 31 (By Li Peng) - Senior economists at Lehman Brothers, an international investment bank, said today that China's economic growth was becoming more balanced during the country's readjustment phase. It was estimated that China's economy would see a growth of 8.8% in 2005 and achieve a successful soft landing. Lehman Brothers held the 2005 Global Economic Forum in Beijing today. Its chief global economist, chief European and Asian economists and other senior management discussed the prospect of the global economy and currencies in Beijing. In terms of China's economy, Lehman Brothers believed that the government's macroeconomic controls proved effective, so far showing no evidence that the economy was growing at a speed that could not be sustained. The country still had much room for productivity growth, and the realization of this potential would depend on factors such as foreign direct investment, progress of financial reforms, restructuring of state-owned enterprises and urban employment of the migrant population. However, Asian senior economist Rob Subbaraman warned that the country's aggregate investment accounted for nearly half of its GDP, probably a sign of over-rapid growth. Furthermore, policy adjustments could no longer satisfy the rapid growth of an economy that is becoming more market-oriented. In particular, the country's incomplete capital control policy has not been able to prevent the inflow of hot money. ��China's economy still trying to land softly (2005-01-19) E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax: 8610-68327649 Copyright� 2004 Chinanews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited. Disclaimer: viewpoints in the website do not represent China News Service Learn Chinese, Chinesepod ina's economy will achieve soft landing in 2005