BEIJING, Sept. 5 (Xinhua) -- The Chinese economy is
experiencing a "V" shape recovery and the growth rate may reach 8 percent both
this year and next year, said Chinese economist Fan Gang said here Saturday.
Fan, a monetary policy adviser to China's central
bank, said at the 2009 annual conference of CEO in Beijing, that the economy
will see a sustainable recovery and will be back to normal in 2011,according to
a report of the China News Service.
He predicted that the real estate investment will
increase by around 30 percent in 2010, which will add one percentage point to
economic growth.
Corporate investment is expected to grow prominently
next year and as the global trade is warming up, Chinese export, which still
enjoys the cost advantage, will recover.
"After the economy is back to normal in 2010, the
government will adjust the macro-economic policy. But before that happens, the
current stimulus policy should stay to sustain the recovery," he said.
Fan said people should adjust their expectation of
economic growth and not regard recovery simply as a double-digit growth. A
growth grate of 8 percent to 9 percent is sustainable growth.
