Caixin OnlineFinance & EconomicsTop Stories Finance Economist Lin Yifu on State-Sustained Growth
09.18.2012 17:56

Economist Lin Yifu on State-Sustained Growth

A former World Bank official advocates 'new structural economics,' with roles for the public and private sectors
By staff reporters Ye Weiqiang and Huo Kan

(Beijing) – Standing up to a wave of pessimism about China's prospects for continuing high-level economic growth is no easy task.

But economist Lin Yifu, who recently retired as a senior vice president and chief economist at the World Bank, is holding his ground with a prediction that China's gross domestic product will grow by 8 percent in 2012.

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