NEW YORK Davinson
Sanchez Colombia Jersey , Jan. 9 (Xinhua) -- China has the
potential to maintain an annual economic growth rate of 6 percent until the
2030s, said former senior vice president and chief economist of the World Bank
Justin Lin Yifu Tuesday.
Lin, also the honorary dean of National School of Development at Peking
University, made the remarks while delivering a keynote speech during the
"Forecast: China's Economy 2018," an event hosted by the National Committee on
U.S.-China Relations and Peking University's China Center for Economic Research
in New York.
He attributed his confidence in the Chinese economy to the fact that "China's
labor productivity will improve continuously in the years to come."
The economist explained that the way to maintain economic growth is to
improve labor productivity Carlos
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productivity is to "have technology innovation as well as industrial upgrading."
Lin said that compared to developed countries like the United States, China,
as a developing economy, has the so-called "latecomer advantage" in terms of
technology innovation and industrial upgrading.
He further stated that developing countries like China can "learn technology
that has been matured in high-income countries," so that "the cost and risks of
innovation are comparably low Carlos
Sanchez Moreno Colombia Jersey , and potentially, developing
countries can grow more dynamically than high-income countries."
According to Lin, China has benefited from the "latecomer advantage" in the
past 40 years and achieved an annual growth rate of 9.6 percent, which was
hailed as a miracle by many all over the world.
For the years to come, he predicted that China will continue to maintain a
faster growth rate compared to developed countries.
To further illustrate his prediction Carlos
Bacca Colombia Jersey , Lin cited his latest study of the world
economy in the past 70 years, pointing out that "In 2008, the per capita GDP of
China was 21 percent of the United States, which was similar to Japan in 1951,
Singapore in 1967 Aviles
Hurtado Colombia Jersey , China's Taiwan in 1975 and South Korea in
"The four economies above all achieved an annual growth rate of 8 percent to
9 percent continuously over the next 20 years, which indicates that China can
achieve around an 8 percent growth rate continuously from 2008 to 2028," said
He added that real economic growth will depend on how much China carries out
current reforms to ensure social and political stability as well as on the
global economic situation.
"From my observation, it is very likely that China will be able to achieve a
6 percent growth rate from now until around the 2030s," Lin noted.
The Kremlin said on Tuesday a call by opposition leader Alexei Navalny to
boycott next year's presidential election must be checked to see if it complies
with the law.
Navalny called on Monday for a boycott of the March 18 election after
Russia's central election commission ruled he was not eligible to run for
president due to a suspended prison sentence hanging over him.
"The calls for a boycott will require scrupulous study Abel
Aguilar Colombia Jersey , to see whether or not they comply with
the law," Kremlin spokesman Dmitry Peskov told reporters on a conference call.
Declining to comment on the election commission's decision, Peskov shrugged
off allegations that the presidential poll would be a farce without Navalny.
"The fact that one of the would-be candidates is not taking part has no
bearing on the election's legitimacy," said Peskov.
Navalny, a 41-year-old lawyer Colombia World Cup
Jersey , has repeatedly said the suspended sentence handed to him
in an embezzlement case was politically motivated.
On Monday Navalny said millions of voters would be disenfranchised without
his participation in the election, which opinion polls show incumbent Vladimir
Putin winning comfortably.
The European Union also questioned the Russian election commission's decision
to bar Navalny.
"[It] casts a serious doubt on political pluralism in Russia and the prospect
of democratic elections next year," the EU's External Action Service said in a
statement on Tuesday.
"Politically motivated charges should not be used against political
participation," it said, urging Moscow to ensure a "level playing field" for all
Putin has dominated Russia's political landscape for the last 17 years and
if Colombia Soccer Jersey ,
as expected, he wins next year's election,he would be eligible to serve another
six years until 2024.
Allies laud Putin as a father-of-the-nation figure who has restored national
pride and expanded Moscow's global clout with interventions in Syria and
Navalny says he could defeat Putin in a fair election, an assertion Putin's
supporters have laughed off.
Navalny has been jailed three times this year and charged with breaking the
law for organizing public meetings and rallies designed to bolster his
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