China faces major uncertainties even though it rebounded strongly from the latest financial crisis aided by its huge treasure chest, World Bank President Robert Zoellick said in a speech Sept. 28. Noting that China's rapid recovery was fueled by an expansion of credit, he said "this flood is now easing, and authorities are likely to limit it further for fear of effects on asset prices, asset quality, and eventually general inflation." Zoellick said Chinese leaders recognized the risks of the continued dependence of China and other emerging economies on export-led growth. (AFP)

    About the author