This year there are more Chinese delegates than ever before at the World Economic Forum in Davos, Switzerland. Vice Premier Li Keqiang is leading the delegation. China and other developing economies like India and Brazil are playing a greater role at the conference while Western economies struggle to recover from the global financial crisis.
However, the Forum's Global Risk Report, which sets the agenda for the Summit, warns of overheating in the Chinese economy. Some experts worry that China's stimulus package has created an asset bubble that could burst in the future, and limit China's economic expansion. China has already raised the reserve ratio for its banks in an effort to limit the amount of capital flowing into the economy.
What role will China play in the global economy in 2010? Will China be a key driver of a global recovery? Or will China¡¯s growth suffer from an over-heated economy?
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People In the Know, bringing you insights into the headline news in China and around the world, online at crienglish.com, and here on China Radio International.
In this edition of the show we'll discuss China's role at the World Economic forum and the challenges facing the Chinese economy. So let's get started.
First we'll hear from Dr. Linda Yueh. She's the Director of the China Growth Center and a Fellow in Economics at the University of Oxford.
For more on the economic risks China faces this year we go now to Professor Zhao Xijun, Deputy Dean of the School of Finance of Renmin University.