China to See Poor External Environment for 20 Years, World Bank’s Lin Says

China will have a relatively poor external environment for its development in the next 20 years, Justin Lin, the World Bank’s chief economist, said in Beijing.

Euro-area economies, the U.S. and Japan will remain “sluggish” in the next 5 to 10 years and their fiscal deficits will continue to build up in the next decade or even longer, he said at a forum.

These economies are likely to adopt loose monetary policies to tackle their problems and some of the funds will flow to other countries including China, he said.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net

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