How Will China’s Change Of Power Affect Global Markets?

Category: Markets / Finance / Mar 07, 2013 5:21PM EDT
China is able to maintain an 8-percent annual growth for at least 20 years, said former World Bank chief economist Justin Yifu Lin Thursday. This comes just a week after Chinese economic data showed that manufacturing in the world’s second-largest economy was worse than expected in February. This week was a huge week for China’s central bank, as the country eyes reform and a more flexible exchange rate after a change in China's leadership.