Senior Vice President and Chief Economist of the World Bank Justin Yifu Lin said that China can maintain its 8 percent growth in the next two decades if it is able to advance technological innovation and structural reform. Lin made the remarks during a meeting with ACFIC CPC Secretary and First Vice Chairman Quan Zhezhu at the ACFIC headquarters on January 31.

 

 

Lin, who doubles as an ACFIC Vice Chairman, exchanged views over the current international and domestic economic situations and the development of small and medium-sized enterprises with Quan, Executive Vice Chairman Sun Anmin, and vice chairmen Chu Ping, Xie Jingrong, Zhuang Congsheng, and Li Lu.

 

Lin said that he is not optimistic about the current global economic situation as the ongoing European sovereign debt crisis can trigger international economic crisis at a more profound level. While urging China to be fully prepared for this, he said that he is upbeat about the country's economic development trend.