The UN report :China's Economic Growth This year, or of 8.9%

The 2009 world economic report which issued by The United Nations points out, the global growth could be only 1%. However, China's economy will continue to maintain rapid development speed, its contribution to the world economy will reach 50%.

 

The report says, China will becom the one of the few windowe of the world economic growth .The 2009 economic growth is the most likely to 8.4 percent, If appear optimistic, will increase at 8.9%, Even gloomier situation, will rise above 7%. In the past, China's economic growth in 2008 will be around for global growth and 9.1% contributed 22%.

 

The report also notes that if global economic tightening, cannot restore confidence in developed countries, in 2009, will get into serious recession, therefore "given the uncertainty of widespread pessimism, more is absolutely possible results. This, the report suggests, the world can take the massive fiscal policy in China similar stimulus, between countries should be prepared to fiscal and monetary policy coordination, in order to realize the basic stability of exchange rate.