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��Home>>Business
Mundell: China��s total GDP to be quadrupled
www.chinanews.cn 2007-06-26 10:39:39
Chinanews, Beijing, Jun. 26 �C Prof. Robert Mundell, the 1999 Nobel Prize
Winner regarded as ��father of the Euro�� said on last Saturday that
Chinese economy would be developed by an annual growth of 7% in the next
20 years, and the total volume of China��s GDP would be quadrupled in the
next 20 years.
He revealed that several factors would help to push forward the economic
growth in China, including high bank deposits rate, high demand for
Chinese products, increasing foreign investment and China��s foreign
exchange reserves.
Mundell also believed that in a short period of time China��s economy
would be affected by high oil price and fluctuation of RMB exchange rate.
He said that China should also foster good relations with its neighboring
countries, and the central government should also pay more attention to
environment and agriculture.
Mundell expected that China��s comprehensive national strength would be
able to surpass Japan in 2050, and European Union by 2060.
��Mundell: RMB will be the No.3 world currency in 2030
��Mundell said China should keep RMB exchange rate unchanged
��Mundell discussed the RMB exchange rate
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