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Economist: No post-Olympic recession in China

(Xinhua)
Updated: 2008-05-12 07:22

China, with a large economic size, would not face recession after the Olympic Games, the World Bank's new chief economist Justin Yifu Lin said on Sunday.

Some Olympics hosts experienced post-Olympic decline because investment dropped. China, however, would not have such problem with a much larger economic volume, said Lin, who was also the World Bank's newly appointed senior vice president.

The size of Chinese economy dwarfed the investment on building venues and infrastructure for the 2008 Beijing Olympics, he said.

China had plenty of investment prospects as the country was to host the World Expo and the Asian Games in 2010, and a few other important international events after the Olympic Games.

Meanwhile, the country's appetite for infrastructure investment and spending on industry upgrading were also likely to ward off any post-Olympic slump, he said.