BEIJING, July 18 (Xinhua) -- The overall trend of stable and rapid development of the Chinese economy would not alter after the Olympic Games, a senior expert said here Sunday.
"The Olympics will not become a watershed of China's economicdevelopment, as the fundamental factors that have supported China'seconomic progress in the past 30 years are not to change markedly,"Wang Yiming, an expert with the think tank under the NationalDevelopment and Reform Commission, told a press conference.
Wang listed such factors as the country's high deposit rate, largescale urbanization and infrastructure investment, upgrading ofresidents consumption modes, huge market potentials as well as itsactive and voluntary integration into economic globalization.
"These driving forces will not change with the finishing of theOlympic Games," he said.Besides, the Olympic economy exerted arelatively small impact on a country as big as China, Wang said."After 30 years of development, China has turned into the fourthbiggest economy of the world."
He said, "Although the Olympic economy has contributed much toBeijing's economic development, the city's economy only accountedfor 3.6 percent of that of the whole country.
Besides, Beijing's venue and infrastructure investment onlyaccounted for 0.55 percent-1.06 percent of China's overall fixedassets investment in the past four years."
"So the 'post-Olympics effect' will not affect the basics ofChina's economic development."Besides, the expert said, China wasstill in the middle of industrialization. "From cities to thecountryside, and from infrastructure to manufacturing and serviceindustries, all harbor great development potentials."
The Chinese government has made ensuring a stable and rapiddevelopment of the economy and curbing rapid price rise as its toppriorities, and was taking measures to increase domestic demand, hesaid.