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China to lead world out of global economic gloom, says Schwab

The nation will emerge from the depths of the global downturn first and in better shape than any other country, according to Klaus Schwab, who made the observation while stressing the need for more global cooperation to combat the recession.

"We can be very confident that China's growth objective will be achieved," said the founder and executive chairman of the World Economic Forum (WEF) in an exclusive interview with China Daily.

Klaus Schwab, founder and executive chairman of the World Economic Forum, says China is performing better than others and will come out of the economic crisis first.

When Chinese Premier Wen Jiabao announced, at the WEF's annual meeting in Davos earlier this year, that the Chinese economy would grow by 8 percent, in spite of the worst global economic crisis in decades, many were skeptical. But the doubters are fewer in number now, with the Summer Davos meeting set to open today in Dalian, Liaoning province.

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 Source : China Daily  Editor: Ivy
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