Articles/Columns
The World Bank Expects Economic Slowdown in China for 2012
As reported on Bloomberg, the World Bank is anticipating China's economy to slow in GDP growth to around 8 percent-plus this year, versus 9.2% in 2011. Robert Zoellick, the current President of the World Bank, presented a report in Beijing yesterday
(Feb. 27th) commissioned by the bank and Chinese state researchers that was titled "China 2030." According to the excerpts highlighted by Bloomberg, the report essentially aims to convince the ruling government to transition from a state-controlled economy to a market-controlled economy. The message is to warn that rapid growth within a state-controlled market has its limits, and that the report's authors are overall optimistic, but cautious of the economic prospects of the Chinese economy for 2012. Earlier this month, Zoellick has already announced to the bank's board that he will be stepping down at the end of his 5-year tenure as President on June 30th of this year. At the end of the year, the bank will have a new Head, and the bank's viewpoint will either be "We told you so" or "We still support you" or both.
Source: IMF
（2012/2/28 掲載）