China’s rapid growth will continue: OECD

From Xinhua


China’s rapid economic growth, brought about by the adoption of market mechanisms, is quite likely to continue in the coming years, said a report offered by the Organization for Economic Co-operation and Development (OECD) during an ongoing anti-corruption conference here in Beijing.

In the past more than two decades, China’s economic growth has averaged 9.5 percent, a rapid pace which is likely to be sustained for some time, according to the Economic Survey of China in 2005.

“Such an increase in output represents one of the most sustained and rapid economic transformations seen in the world economy in the past 50 years,” it said.

Click here for an extended abstract of the Economic Survey of China in 2005.

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