Du Jianguo, a protester, is removed by a security guard during a news conference by World Bank's President at the Beijing office (Reuters / Jason Lee) A one-man protest has disrupted a conference in China by the World Bank President Robert Zoellick. He thrust leaflets into the hand of Zoellick while saying “The World Bank report is poison to China.” Du Jianguo, who claims to be an economist, was angry over a World Bank prediction the country’s economy could run into trouble if it doesn’t cut down on state interference. "The World Bank calls on China to privatize our state-owned enterprises, they want to partition these big companies. But actually they are helping western companies get rid of their Chinese competitors,” he shouted before being ejected from the auditorium. The World Bank suggests fewer barriers for entry into the country’s market, in order to break up some state monopolies. It also recommends an increase in tax rates for state-owned firms. "So to reduce China's global savings rate and also benefit the Chinese people, if a lot of those dividends (from state-owned enterprises) are sent back to provide social benefits for the Chinese people, you will have structural change and help support some of the social security systems," said Zoellick. Experts agree China’s development may slow down. The country has been showing a steady growth for 30 years, being a safe source of global development. Economists Barry Eichengreen of the University of California and Kwanho Shin of Korea University note that “China's annual growth rate will begin to "downshift" by at least two percentage points starting around 2015”, WSJ reports. China’s downshift isn’t being helped by a general slowdown in the West. “The Chinese economy is export driven and Europe and U.S. are almost broke so they won’t be buying all that stuff from China. And if it starts exporting much less, you will have slow growth,” said RT’s business editor Nick Pool.” And China is also huge debt holder of US bonds, and the US will be printing money to lower the amount of debt. And it’s going to create political tension.” More on the prospects of China economic development and its role in the world financial institutions, such as the World Bank and IMF, watch this report.
SOME COMMENTS:
chego February 29, 2012, 09:07 quote +5 PR1oh1 wrote in #7 steven wrote in #2
I don't understand why Russia and the US don't wake up to the fact that they shouldn't fear each other, but China, and that they would greatly benefit from being allies rather than opposing each other as they do. The Cold War is long over. We have far more in common than not and far more to gain than to lose. The USA would be better off being allies with China. Historically, except for short periods, US has always been closer to China than Russia. And it would benefit China to be allies with USA more so than Russia. You don't understand, do you? The USA is controlled and dominated by Zionist overlords via the zionist owned central bank. The Jews control our money supply, our mainstream media, congress and the White House. Russia is a sovereign nation. Therein lies the difference.
chego February 29, 2012, 09:14 quote +15
The zionists have penetrated the White House big time. One Jew bankster leaves (Rohm Emanuel) and passes the baton to the next Jew handler (Jacob Lew) of President Obama. They watch all the comings and goings in the White House and report back to Wall Street which in turn reports to the Rothschilds, owners of the world's central banks. They've just added Libya to their list of conquests. It's pretty sick actually. Recognizing that you are a slave is the first step to recovery. Just like an alcoholic needs to recognize his or her ailment.
homeless February 29, 2012, 12:09 quote +6
USA is NOT a sovereign nation. Their positions are controlled by hostile people. Their state of minds are full of anger towards another community and race. They will loose one day. They will never win their lives.
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