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China to see limited impact from U.S. slowdown
    2008年05月12日  09:26    Shenzhen Daily

CHINA would see only a "limited"impact from the slowdown in the United States, the world's biggest economy, as most goods it sold in the country were labor-intensive items needed for daily use, said the World Bank's Chief Economist Justin Lin.

"Chinese exports to the United States will remain strong and won't see negative growth" this year and next, Lin told an investment forum in Beijing on Saturday. The United States is China's biggest trading partner after the EU.

China aims to slow export growth to curb a trade surplus that has helped pump excess cash into its banking system, threatening to overheat the world's fastest-growing major economy.

Consumer prices rose 8.2 percent in April from a year earlier, according to the median estimate of 22 economists in a Bloomberg News survey, after gaining 8.3 percent in March.

(SD-Agencies)

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