09-29-2009, 08:24 PM
<b>China faces 'big' uncertainties: World Bank chief</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->WASHINGTON â China faces major uncertainties even though it rebounded strongly from the latest financial crisis aided by its huge treasure chest, World Bank President Robert Zoellick said on Monday.
"<b>China's future is not yet determined," he said even though the Asian giant effectively pump primed its huge economy and used various monetary polices to weather the crisis that plunged the world into recession.</b>
Noting that China's rapid recovery was fuelled by an expansion of credit, he said <b>"this flood is now easing, and authorities are likely to limit it further for fear of effects on asset prices, asset quality, and eventually general inflation."</b>
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"<b>China's future is not yet determined," he said even though the Asian giant effectively pump primed its huge economy and used various monetary polices to weather the crisis that plunged the world into recession.</b>
Noting that China's rapid recovery was fuelled by an expansion of credit, he said <b>"this flood is now easing, and authorities are likely to limit it further for fear of effects on asset prices, asset quality, and eventually general inflation."</b>
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