China Can Exceed 8% for 20 Years :Eco...

China Can Exceed 8% for 20 Years :Economist

Posted in the China Forum

Makim

Chatswood, Australia

#1 Jan 7, 2013
China can exceed 8% for 20 years: economist

China’s economy has the potential to grow 8 per cent annually over the next 20 years should the nation reduce support for state companies and unshackle banks, according to Lin Yifu, a former World Bank chief economist.

“We can be quite optimistic,” Lin, who now teaches at Peking University in Beijing, said at a New York Stock Exchange conference on China’s economy yesterday. To harness its potential, the country needs to widen income distribution and cap “widespread” corruption, he said.

The Chinese economy is showing signs of recovering from a slowdown that spanned the seven quarters to Sept. 30, with data from manufacturing to retail sales and industrial production indicating expansion over the past two months. The world’s second largest economy is poised to grow 8.1 per cent this year, from 7.7 per cent in 2012, according to the median estimates of 49 economists surveyed by Bloomberg last month.

Lin predicted that China’s gross domestic product will rise as much as 8.5 per cent this year, driven by investment in infrastructure, upgrades of equipment and machinery, and personal consumption. Lin, 61, was chief economist at the Washington-based World Bank, a post typically held by European and U.S. citizens, between 2008 and 2012.

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China can sustain such a fast pace of growth in the long term by using technologies created in developed economies at relatively low cost, Lin said. China is following 13 other countries that have maintained an expansion rate of more than 7 per cent annually for 25 years, including Singapore and South Korea, he said.

Leadership change

Chinese banks need to be given more freedom to set interest rates, according to Lin. The current economic model sees lenders channel cheap capital to companies controlled by the government and “elites, sowing the ground for corruption,” he said.

Asia’s largest economy, China was ranked 75th in Berlin- based Transparency’s International’s 2011 Corruption Perceptions Index, behind Brazil and ahead of Russia and India.

China underwent a once-a-decade leadership transition in November, with Xi Jinping named general secretary of the ruling Communist Party. Xi, set to succeed Hu Jintao as president in March, said last month that China shouldn’t delay economic restructuring or shy away from unfavorable factors at home and abroad, the official Xinhua News Agency reported on Dec. 10.

Qin Xiao, former chairman of investment company China Merchants Group Ltd., echoed Lin’s call for economic reform.

Local debt

Qin, chairman of the Boyuan Foundation, a Hong Kong non- profit group, proposed a reform plan for the next three years at the conference that includes the opening up of China’s capital markets, cuts to tax rates and allowing local governments to issue debt.

China shelved plans in June to allow local bodies to raise debt directly after a trial program undertaken in November 2011. The governments were banned in 1994 from issuing bonds, a move which led to the creation of more than 10,000 local- administration financing vehicles, which boosted borrowing as part of stimulus spending during the global financial crisis.

Any changes to Chinese economic policy will be gradual and the nation, which is the world’s largest exporter, will avoid “shock therapy,” Lin said. Marginal reforms taken accumulatively should achieve their goals over time, he said.

Bloomberg
Truth

Québec, Canada

#2 Jan 7, 2013
CHINA HAS TO GET THE GANGSTERS OUT OF THE BANKS

ANONYMOUS HACKERS / THE FINANCAL HEIST OF THE WORLD /
LARS HUBINETTE(SIG AHLEN HUBINETTE, LEARSI AHLEN HUBINETTE) , GENERAL ROSIER LWR, ARE CONTROLLING IN FRONT OF THE SCREENS IN HONG KONG  AND IN STANDARD CHARTER BANK IN HK AND ROBBING EVERYONE
LOOK AT WHAT THEY HAVE BEEN DOING WITH BILL TRINCHE VAN BOETZELAER, MARK FORSTEIN, JIM TEAGUE, IZAK SCHWEITZ, MARC BARRY, SARAH BARRY HIS MOTHER AND THE CABAL BOYS CHANGING THE SYSTEMS IN ALL THE BANKS, SINCE THEY ARE HACKING INTO ALL OF US , COMPUTERS, PHONES, ACQUIRING ALL THE ELECTRICAL COMPANIES AND MUCH MORE. LOOK ONLINE FACEBOOK, LINKEDIN ETC. SEE WHAT LARS HUBINETTE IS DOING WITH ALL THE TECHS, IT TOP GUYS, ERICSSON ETC. AND THE CHANGING OF THE SYSTEMS IN ALL THE BANKS AND TREASURIES.  REMOTELYTHEY WILL SHUT ALL DOWN.
MORE AND MORE. GUYS UNLESS WE DO SOMETHING IT WILL BE SHUT DOWN, COMPLETE FAMINE, DESTRUCTION. THEY ARE THE ONES BEHIND ALL THIS. THEY ROBBED US  AND CONTINUE TO DO SO.
EVEN APPLE SENT A MESSAGE, WHY IS ANONYMOUS COMING INTO YOUR PHONE . THEY ARE TRANSFERRING AND ROBBING THATS WHAT.  THEY ARE  THE ANONYMOUS  HACKERS.
MEAN, EVIL THIEVES, MURDERERS.  
 IT IS OVER 10 YEARS BROKERS, INVESTORS COMPLAIN OF THE ROBBERY.
. DO YOU KNOW THE SUFFERINGS THEY HAVE CAUSED.  
THESE HACKERS . They call or send incredible returns by email  and at the end investors, brokers and all that have been lured by them lose all even their initial investments.

 See http://tdarkcabal.blogspot.ca/2012/07/july-12...

THE FIRST HACKERS THAT STARTED FROM MARKS FORT LAUDERDALE OFFICE ARE   JIM TEAGUE, MARK FORSTEIN, AND MARKS COLUMBIAN COMPUTER TECH. THEN CAME Bill Van Boetzelaer, Learsi Ahlen Hubinette supposed banker Thief 
And the others with them. Then they met Marc Barry with Sarah Barry his mother and they entered more and more of our contacts and and kept going on and on. NOW THE HACKERS WERE ALL TOGETHER AND FORMED ANONYMOUS. THEY MADE SO MUCH ON THE FIRST TRANSACTION THEY CIRCUMVENTED US ON THAT THEY HIRED TOP HACKERS AND RUSSIANS HACKERS WITH THE HELP OF NOHA  SARJOO . . THEY ARE FOR OVER 10 YEARS ROBBING FROM ALL THE BROKERS. Marc Barry even wrote a book and see the interviews. Why are They not arrested???????? WHO PROTECTS THEM?
SOME AGENCY IS EATING WITH THEM AND NOT DOING ANYTHING ABOUT OUR NUMEROUS COMPLAINTS.
By now we are a NETWORK, they know our every moves and steal all our deals. Jim Teague likes little boys, he is watching your sons. Your daughter is being watched BY THESE GANGSTERS as she undresses. They see all that is going on and hear all.
He says it all in the book that some of the authorities protect him. That he does things they ask him to do that he cant talk about. That out of the USA he would be arrested.... And much more.
Put what you see at the top of this message with what you will see below and you will have all the answers why your deals do not close. Who entices your clients? Why the assets you have for sale gold, mtns etc.
Disappear before you have a chance to transact?  Read on!
Adam Penenberg and Marc Barry uncover and describe in ... The Art of Intrusion: The Real Stories Behind the Exploits of Hackers

http://www.questia.com/library/85772532/spook...

http://books.google.ca/books...

Interview 1
http://hellocoolworld.com/files/TheCorporatio...  

Interview 2
http://www.mediabistro.com/spotlight/archives...

THEY ARE  The  ANONYMOUS  hackers.
MEAN, EVIL THIEVES, MURDERERS.   
 IT IS YEARS WE COMPLAIN OF THE ABUSE.
THE GOVERNMENTS OF THIS WORLD MUST KNOW THAT THEY SHOULD NOT ALLOW THIS ABUSE ON THE NATIONS.
They went too far and meant evil for the nations.
Truth

Québec, Canada

#3 Jan 7, 2013
CHINA HAS TO GET THE GANGSTERS OUT OF THE BANKS IN HK

ANONYMOUS HACKERS / THE FINANCAL HEIST OF THE WORLD /
LARS HUBINETTE(SIG AHLEN HUBINETTE, LEARSI AHLEN HUBINETTE) , GENERAL ROSIER LWR, ARE CONTROLLING IN FRONT OF THE SCREENS IN HONG KONG  AND IN STANDARD CHARTER BANK IN HK AND ROBBING EVERYONE
LOOK AT WHAT THEY HAVE BEEN DOING WITH BILL TRINCHE VAN BOETZELAER, MARK FORSTEIN, JIM TEAGUE, IZAK SCHWEITZ, MARC BARRY, SARAH BARRY HIS MOTHER AND THE CABAL BOYS CHANGING THE SYSTEMS IN ALL THE BANKS, SINCE THEY ARE HACKING INTO ALL OF US , COMPUTERS, PHONES, ACQUIRING ALL THE ELECTRICAL COMPANIES AND MUCH MORE. LOOK ONLINE FACEBOOK, LINKEDIN ETC. SEE WHAT LARS HUBINETTE IS DOING WITH ALL THE TECHS, IT TOP GUYS, ERICSSON ETC. AND THE CHANGING OF THE SYSTEMS IN ALL THE BANKS AND TREASURIES.  REMOTELYTHEY WILL SHUT ALL DOWN.
MORE AND MORE. GUYS UNLESS WE DO SOMETHING IT WILL BE SHUT DOWN, COMPLETE FAMINE, DESTRUCTION. THEY ARE THE ONES BEHIND ALL THIS. THEY ROBBED US  AND CONTINUE TO DO SO.
EVEN APPLE SENT A MESSAGE, WHY IS ANONYMOUS COMING INTO YOUR PHONE . THEY ARE TRANSFERRING AND ROBBING THATS WHAT.  THEY ARE  THE ANONYMOUS  HACKERS.
MEAN, EVIL THIEVES, MURDERERS.  
 IT IS OVER 10 YEARS BROKERS, INVESTORS COMPLAIN OF THE ROBBERY.
. DO YOU KNOW THE SUFFERINGS THEY HAVE CAUSED.  
THESE HACKERS . They call or send incredible returns by email  and at the end investors, brokers and all that have been lured by them lose all even their initial investments.

 See http://tdarkcabal.blogspot.ca/2012/07/july-12...

THE FIRST HACKERS THAT STARTED FROM MARKS FORT LAUDERDALE OFFICE ARE   JIM TEAGUE, MARK FORSTEIN, AND MARKS COLUMBIAN COMPUTER TECH. THEN CAME Bill Van Boetzelaer, Learsi Ahlen Hubinette supposed banker Thief 
And the others with them. Then they met Marc Barry with Sarah Barry his mother and they entered more and more of our contacts and and kept going on and on. NOW THE HACKERS WERE ALL TOGETHER AND FORMED ANONYMOUS. THEY MADE SO MUCH ON THE FIRST TRANSACTION THEY CIRCUMVENTED US ON THAT THEY HIRED TOP HACKERS AND RUSSIANS HACKERS WITH THE HELP OF NOHA  SARJOO . . THEY ARE FOR OVER 10 YEARS ROBBING FROM ALL THE BROKERS. Marc Barry even wrote a book and see the interviews. Why are They not arrested???????? WHO PROTECTS THEM?
SOME AGENCY IS EATING WITH THEM AND NOT DOING ANYTHING ABOUT OUR NUMEROUS COMPLAINTS.
By now we are a NETWORK, they know our every moves and steal all our deals. Jim Teague likes little boys, he is watching your sons. Your daughter is being watched BY THESE GANGSTERS as she undresses. They see all that is going on and hear all.
He says it all in the book that some of the authorities protect him. That he does things they ask him to do that he cant talk about. That out of the USA he would be arrested.... And much more.
Put what you see at the top of this message with what you will see below and you will have all the answers why your deals do not close. Who entices your clients? Why the assets you have for sale gold, mtns etc.
Disappear before you have a chance to transact?  Read on!
Adam Penenberg and Marc Barry uncover and describe in ... The Art of Intrusion: The Real Stories Behind the Exploits of Hackers

http://www.questia.com/library/85772532/spook...

http://books.google.ca/books...

Interview 1
http://hellocoolworld.com/files/TheCorporatio...  

Interview 2
http://www.mediabistro.com/spotlight/archives...

THEY ARE  The  ANONYMOUS  hackers.
MEAN, EVIL THIEVES, MURDERERS.   
 IT IS YEARS WE COMPLAIN OF THE ABUSE.
THE GOVERNMENTS OF THIS WORLD MUST KNOW THAT THEY SHOULD NOT ALLOW THIS ABUSE ON THE NATIONS.
They went too far and meant evil for the nations.
Snowflake

San Francisco, CA

#5 Jan 8, 2013
Great for China and the world bc when China is great the world is great. The USA will be right up there also because the Chinese love our goods.
RayH

Shenzhen, China

#6 Jan 8, 2013
Some economists say China may grow 8.6 % this year.
ChinaRising

Brooklyn, NY

#8 Jan 8, 2013
Wow just wow!
Snowflake

San Francisco, CA

#9 Jan 8, 2013
Robert Smith and Abramian of the Washington Post said that China is already number one in GDP back in 2010--March 2012. Their GDP was well understated their actual GDP is way higher than the USA in fact, I was totally shocked when I read that, I had to read it 3 times. Based on PPP they are several times richer than the USA. When I went to China last year I was just pondering how can the Chinese afford such nice real estates, cars , high tech, infrastructures et al if their stated GDP per capita is only around $7,500.00 . Does not make sense, they say it is well understated. China's RMB according to Dan Collins of CNN will be the world currency soon backed by gold reserves.
Their gold reserves are well understated, according to Dan they may have the largest gold reserves in the world no way they are number five.
They had been the #1 Gold producer in the world the last five five years and gold have gone no where in that country, not an OUNCE HAVE LEFT THE COUNTRY. They had been hoarding Gold the last thirty years.
Old Jew

San Francisco, CA

#11 Jan 9, 2013
Viet and Chinese are the same ppl, three thousand years of migration .99% of VNs have Chinese blood in them. VN was part of China for over two thousand years. VNs DNAs are identical to Chinese.
But soon the Jews will take over both countries just like we did with the USA.
PURE EVIL

Brooklyn, NY

#12 Jan 9, 2013
The US has been completely taken over.

China must always be vigilant.
CHINA RISING

Brooklyn, NY

#13 Jan 9, 2013
RayH wrote:
Some economists say China may grow 8.6 % this year.
Agreed!
He is Coming Soon

Since: Dec 12

Location hidden

#14 Jan 9, 2013

Tasmaniac

Since: Nov 12

Location hidden

#15 Jan 9, 2013
The Chinese need democracy
Snowflake

San Francisco, CA

#16 Jan 11, 2013
If you have been to Macau, that city will put Las Vegas to shame with their magnificent structures. Wow, China will definitely dominate not just being number one. The IMF have already thrown in the white flag for the US currency and crowning the Yuan. In fact for those VN trolls, your gov't already pegged their currency to the Yuan--you could troll all you want about China but they own you.

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