China not worried over economic slowdown

Edited and translated by People's Daily Online

The World Bank has lowered its forecast for China's GDP over the next two years in its biannual economic update on East Asia and Pacific. The report shows that China's GDP growth rate is expected to stand at 9.1 percent in 2011 and slow to 8.4 percent in 2012.

Domestic economists generally agreed with the World Bank's judgment on China's economic slowdown. Research institutions and experts mostly said that the probability that China's economic growth will slow over the next two years is very high.

Economic slowdown is an inevitable choice

The World Bank said that China's economic growth would further slow because of periodic economic adjustments and China's reduced reliance on investments, exports and the manufacturing sector due to its structural economic adjustments.

Wang Shuguang, general secretary of the Financial Research Center under Peking University, said that the economic slowdown is associated with overall economic regulation. The tight monetary policy as the theme of macroeconomic regulation over the past two years is also a key factor.