World Bank: China can grow 8pc annually for two decades

Justin Lin, the World Bank's chief economist used a wide-ranging speech in Beijing to issue the upbeat prognosis for the Chinese economy.

Economists remain split over whether China can avoid a hard landing in the wake of rampant inflation and rocketing property prices, but Mr Lin said the country's government had the room to use policies to maintain demand and growth.

Mr Lin decsribed the country's fiscal position as "sound" and said there was room for significant industrial development, urbanisation and infrastructure development to help drive growth.

However, Mr Lin said economies in the eurozone, the US and in Japan would remain "sluggish" over the next five to 10 years with fiscal deficits heading higher.

Source: http://telegraph.feedsportal.com/c/32726/f/568312/s/1bd72f3f/l/0L0Stelegraph0O0Cfinance0Cchina0Ebusiness0C90A1660A0A0CWorld0EBank0EChina0Ecan0Egrow0E8pc0Eannually0Efor0Etwo0Edecades0Bhtml/story01.htm

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