Chinese Vice President Xi Jinping said Friday that the Chinese economy would experience stable growth and avoid a hard landing in 2012, dispelling a scenario economists fear may upset the global economy.
2012 will be a crucial year in driving the 12th five-year plan. China's economy will maintain fast and stable pace of growth and definitely there will be no so called hard landing.
The Chinese leader-in-waiting, turning to courting American companies hungry for a slice of his nation's growth, said the international community has nothing to fear from China's prosperity.
A prosperous and stable China will not be a threat to any country, rather it will be a force for world peace and a force for global economic development.
Xi is almost certain to succeed Hu Jintao as Chinese president in just over a year. His US tour has featured commercial deals and reassuring talks intended to blunt American ire about the trade gap between the two countries.
Deborah Lutterbeck, Reuters.
