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Thread: The economic crisis won't outburst in China?
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[quote=KEVIN0518,336282]Stephen S. Roach, the chairman of Morgan Stanley Asia, said that the global financial crisis would change global economic cycle and the global economic slowdown would be inevitable in future years. And China has been affected by the global financial crisis and the growth of Chinese economy will slow down. However, such an economic crisis in US won't happen in China. Roach estimates that the global economic growth next year will slow down and this situation won't change until 2010. The global economic growth in next few years will be less than 3.5 percent, worsely, lower than 2 percent. So Chinese economy growth will be down from 10 percent to 7 percent. "Although the growth will slow down, China shouldn't stop financial reform. It should learn some lessons from the financial crisis in US." Roach also thinks that the outlook of Chinese real estate is bright in long term view. [/quote]
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