World Bank's Romer reassures on growth

By Xin Zhiming ( China Daily ) Updated: 2017-03-21 06:54:59

China's economy is very resilient and it need not worry about its current growth slowdown, said Paul Romer, chief economist of the World Bank. He also suggested that China should share its growth experiences with other developing countries to help them emulate its economic success.

Romer praised China's stable economic growth in recent years, which continued despite shocks such as the global financial crisis, as well as the anti-globalization trend following the United Kingdom's vote to leave the European Union and Donald Trump's unexpected victory in the United States' presidential election last year.

"One of the striking successes of the Chinese economy is that even though there have been a number of surprises, its growth rates have been very stable," Romer told China Daily in an exclusive interview on Sunday, on the sidelines of the three-day China Development Forum. "(While) growth turns negative when there are shocks in the rest of the world, the Chinese government makes sure that growth continues."

World Bank's Romer reassures on growth

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