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This is an archive article published on April 12, 2008

Olympics, Tibet not to affect China GDP: IMF

IMF has said that given the size of China's GDP, neither the Olympics nor the disturbances in Tibet are going to have any impact on growth of the East Asian giant.

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International Monetary Fund (IMF) has said that given the size of China’s GDP, neither the Olympics nor the disturbances in Tibet are going to have any impact on growth of the East Asian giant.

“….given the overall size of GDP, the Olympics is not expected to have a measurable impact,” said Steven Dunaway, Deputy Director of the IMF’s Asia and Pacific Department maintained.

“It didn’t in the construction phase, outside of Beijing, where obviously in the city it did have a major impact. So we would not expect to be even able to see an effect on the overall level of China’s GDP, just given the size of the economy at this point.

“Turmoil, as well, Tibet is not a major producing region, and in terms of the GDP of that region, is not that high that it would have a tremendous impact on the overall growth in China,” he added.

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