China’s growth important for global recovery: World Bank chief

October 8th, 2010 - 7:32 am ICT by IANS  

Washington, Oct 8 (IANS) China’s growth is a very important factor in the global economic recovery, World Bank President Robert B. Zoellick has said.

On being asked what China can contribute to the world’s development, Zoellick, who just concluded a week-long China tour in September, Thursday said China’s growth itself is an important contribution to the world.

China’s economy is projected to grow 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, according to the World Economic Outlook released by the International Monetary Fund (IMF) Wednesday, Xinhua reported.

“China’s strong and sustained growth over the past several years has served as a linchpin for global trade, benefiting exporters of commodities and capital goods,” the report said.

Zoellick said recovery is happening, but not quick enough to bring enough jobs, and the economic downturn is still hurting people’s jobs and lives. “We need a more balanced and sustainable growth,” he said.

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