World Bank economist: no post-Olympics recession
12 May 2008
China will not face a recession after this summer's Olympic Games, said new World Bank chief economist Justin Lin in Beijing on Sunday, state media reported. While some countries that have hosted previous Olympics have faced an economic downturn in the aftermath of the Games, the size of China's economy will help ward off such a slump. China will also continue to be an attractive destination for investment given that it will host the World Expo and Asian Games in 2010, he said. China's continued investment in infrastructure and the upgrading of various industries will help ward off an economic slowdown, Lin said.
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