Feb. 17 - Chinese Vice President Xi Jinping says there will be no hard landing for the Chinese economy. Deborah Lutterbeck reports.
Chinese Vice President Xi Jinping said Friday that the Chinese economy would experience stable growth and avoid a hard landing in 2012, dispelling a scenario economists fear may upset the global economy. (SOUNDBITE) (Mandarin) CHINESE VICE PRESIDENT, XI JINGPING, SAYING: "2012 will be a crucial year in driving the 12th five-year plan. China's economy will maintain fast and stable pace of growth and definitely there will be no so-called hard landing." The Chinese leader-in-waiting, turning to courting American companies hungry for a slice of his nation's growth, said China the international community has nothing to fear from China's growth. (SOUNDBITE) (Mandarin) CHINESE VICE PRESIDENT, XI JINGPING, SAYING: "A prosperous and stable China will not be a threat to any country, rather it will be a force for world pace and force for global economic development." Xi is almost certain to succeed Hu Jintao as Chinese president in just over a year. His U.S. tour has featured commercial deals and reassuring talks intended to blunt American ire about the trade gap between the countries. Deborah Lutterbeck, Reuters