Economics
China Can Grow 8% for 20 Years to Top U.S., World Bank Says
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China can grow 8 percent annually for the next two decades to become twice the size of the U.S. economy, World Bank Chief Economist Justin Lin said.
The nation can continue to exploit a “latecomer” advantage by borrowing the technologies and industries of advanced countries at low risk and cost, Lin said in a speech prepared for an event in Hong Kong today.