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China's pull on global recovery positive but limited

(Xinhua)
Updated: 2009-03-21 11:28

BEIJING -- China's economic recovery has positive but limited effect on world economic development, economist Fan Gang said at the China Development Forum 2009.

This March 21, 2009 photo shows the meeting hall of the opening session of the academic summit of China's Development and Reform in the Global Financial Crisis of China Development Forum 2009 in Beijing, capital of China. [Xinhua]

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China is a developing country, and its economic recovery would have limited effect on world economy, which would pull out of downturn only after the recovery of major economies, said Fan, a member of the central bank's monetary policy committee.

Fan said the country was likely to hit the 8-percent economic growth target this year.

China Development Forum 2009 runs here in Beijing from Saturday to Monday, with the theme of China's Development and Reform in the Global Financial Crisis.

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