Economy

China's inflation 'controllable': IMF chief economist

(Xinhua)
Updated: 2011-01-28 14:27

BOSTON, the United States -- China can deal with inflation and still manage a rapid economic growth, said Olivier Blanchard, the chief economist of the International Monetary Fund (IMF).

Related readings:  Inflation concerns persist as prices increase  Food inflation threatens pricey consumer shares  Govt think tank says inflation manageable

"The inflation (in China) is controllable," Blanchard told Xinhua at an economic policy panel in the Massachusetts Institute of Technology (MIT).

He also said the world was experiencing a "two-speed recovery," with developing countries growing at a faster pace than developed countries.

However, the economist said for some of the countries growing at a quite rapid speed, the challenge is to limit inflation in the medium term.