Continuous Economic Growth in China

Date 05 January 2009

Guo Shuqing, chairman of China Construction Bank Corp., recently announced that China can maintain rapid economic growth over the next 30 years.

Guo said that human resources - education and technology in particular, an advanced legal system and proper macroeconomic policies would determine the course of development over the next three decades. In Caijing Magazine's 2008 year book, he wrote that China was at a low level of development with economic growth driven primarily by investment and exports in the past 30 years and new technology mostly adopted from developed nations.

Continuously improving the legal system, further implementing suitable macroeconomic policies and to learn from the country’s past development will be crucial and valuable for the next 30 years to maintain rapid economic growth, he urged the country.