'No recession' after Olympics
China Daily | Updated: 2008-03-04 07:22
China will not suffer a recession after the Olympics, economists said yesterday.
Justin Yifu Lin, a deputy to the 11th National People's Congress, said: "During my recent trip to Europe, I was frequently asked if I thought China will face recession when investment declines after the Games; and my answer was always 'No'."
China's economy is much larger than those of previous hosts, some of which suffered post-Olympic recessions, Lin, who is the World Bank's chief economist and its newly appointed senior vice-president, said.
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