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China's economy will sustain its fast growth for at least two more decades

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posted on Jun, 7 2008 @ 10:42 PM
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China has been in a high growth mode since it started economic reforms in the late 70s. Its almost three decades of high growth is the longest among the 11 high-growth economies in the world and part of "a recent, post-World War II phenomenon". And the Chinese economy will sustain its fast growth for at least two more decades.

These are the words of no less a person than Stanford University professor Michael Spence, who shared the 2001 Nobel Prize for Economics with Columbia University professor and former senior vice-president of World Bank Joseph E. Stiglitz and University of California (Berkeley) professor George A. Akerlof.


is it possible to sustain this already 3 decade fast growth rate for another 2 decades?

[edit on 7-6-2008 by haidian]




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