Source: CCTV.com

02-27-2009 14:35

Recent economic figures have suggested signs of an improving Chinese economy. But most economists are taking a prudent attitude, and have a wide range of opinions.

Some economists believe China's economy is now at its lowest point, and that this situation may continue for a some time.

Teng Tai, Director of China Galaxy Securities Research Institute said "The worst time has been passed, but the future trend may not be a "V" shape as most people estimated. I think it will be an "L" shape, meaning the end of falling, and it will not warm up quickly."

Some scholars think the government's 4 trillion yuan stimulus package needs more time to take effect in driving the economy.

Professor Guo Tianyong, Central University of Finance & Economics said "We hope that government investment will invigorate social capital flows and finally encourage domestic consumption."

As for the export sector, which is an important part of the Chinese economy, experts say it depends mainly on the overseas economic environment.

Professor Zhu Qing, Renmin University of China said "If the world economy, especially the American economy, can rebound in the near future, then I think the Chinese economy can steer itself back towards fast growth. But now it's not clear whether US president Obama's stimulus plan will take effect quickly. "

Most economists believe that the Chinese economy will not deteriorate, and they are taking a cautious yet a optimistic attitude to the future.

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Editor:Xiong Qu