Worst of Crisis May Be Yet to Come: IMF Chief
ECONOMY, RECESSION, IMF, DOMINIQUE STRAUSS-KAHN
| 15 Jun 2009 | 06:16 AM ET
Li Yang, a former adviser to the People's Bank of China, said he expected China's recovery to be "W-shaped" — meaning that growth will falter once fiscal and monetary stimulus wears off, before regaining momentum.
"China should not count on a turnaround of external demand to bring about its recovery," Li, director of the finance institute at the Chinese Academy of Social Sciences, was quoted by the Shanghai Securities News as saying.