China, WB in joint research

move toward a path of sustainable growth under the current challenging global economic situation, said World Bank Group president Robert B Zoellick recently
A report, jointly being prepared by the World Bank, China’s Ministry of Finance, and the Development Research Centre of the State Council, will be released later this year to support China in identifying the many challenges and policy choices it will face in the next two decades, as the country seeks to avoid the so-called “middle-income trap”, Zoellick said.

Regarding this autumn as “a sensitive time facing the world’s major economies,” Zoellick said many countries, including the United States, the European Union and Japan, were facing the similar fundamental challenge of restructuring for sustainable economic growth. – Xinhua.