China can weather storm: WB economist

WASHINGTON: World Bank Chief Economist Justin Lin said on Saturday that China could remain buoyant through the current financial crisis, the most serious since the Great Depression in the 1930s.

"My overall position is that certainly China will be affected, because exports are a very important part of China's economic growth," Lin told reporters on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank.

"However, China may be able to weather this crisis in a much better shape than many other developing countries," Lin, a leading Chinese economist who was named as the chief economist and senior vice-president for Development Economics at the World Bank in February, said.