The Chinese economists foresee the difficult times and an economic recovery in 2009

Unemployment caused by the international financial crisis could provoke a social unrest in China, although the economy seems to be able to reach its objective of yearly growth of 8%, one has learned eminent Chinese economists.

Han Kang, vice-president of the National School of Administration in Beijing, warned that the growth of the unemployment rate, especially among the graduates and the academic farming migrating workers, would drag social unrest unless the problem is treated quickly.

Han is part of the thirteen Chinese economists interviewed at the time of an investigation achieved by the magazine "Outlook Weekly" published by Xinhua, that foresees that the economic growth will decrease during the first semester 2009, but that it will pass at the 8% end of the year.

 

The weakness of the American economy could slow down the growth of the Chinese exports medium-term, declared Wang Xiaoguang, director of the research institute depending on the Commission of the state for the Development and Reform.

Among the economists having participated to the investigation represents Jia Kang, of the Ministry of Ministry of Finance, declared that, also: "The numbers of the first quarter will be a little unpleasant, however, the tendency of economic stays optimistic in 2009 with a foreseen yearly growth of about 8.5%. "

Most economists agreed that the second semester would mark a turn in the Chinese economy, the flexible fiscal and monetary policies taking effect progressively.

The government maintains its objective of growth to 8% in spite of the challenges, declared Liu Mingkang, president of the Commission of Banking Regulation of China, last month at the time of a financial conference.

The Chinese economic growth slowed down to 9.9% during the first three quarters of 2008 in relation to the two-digit growth recorded these last five years. The yearly economic growth of 2008 could be of 9% according to the economists.


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