David Li Daokui received his PhD degree in Economics from Harvard University
The Chinese economy is likely to overtop the Japanese economy and become the second largest in the world.
Li Daokui, Director of the Center for China in the World Economy (CCWE) at the Tsinghua University, states that there is no doubt about what the numbers or the statistics show. China's GDP growth was 9.6% in 2008. Despite predictions about China's GDP being at around 8.6% to 9%, it rose to 9.6%, as stated by the National Bureau of Statistics (NBS). The International Monetary Fund (IMF) projected previously that China will overtake Japan soon since the latter's GDP dropped this year.
“The big underlying factor propelling China’s growth is the continued migration of people from the agricultural sector to the more modern economy—industry and services,” said economist David Cohen.
In 2007 China became the third largest economy in the world when it overtook Germany. In 2009, the economic stimulus program assisted China in attaining 8% growth.
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
