国内英语新闻:Economists: China's macroeconomic control policies prove fruitful

In addition, Tang said that the increased investment in infrastructure has strategic significance for the Chinese economy.

"The government invested over 60 percent in infrastructure. This is much needed for the long term development of the Chinese economy, especially for cities and rural areas," he said, "It will bring great potential for the future development of the economy."

Tang also noted some problems caused by the control policies.

"First of all, the real estate bubble was blown up during this process. This is very dangerous," he said, "The soaring real estate price makes it impossible for average people to buy any real estates."

Another problem, according to Tang, is the huge local government debt, which has amounted to about 7,000 billion Yuan (47,793 billion U.S. dollars).

"This is an enormous number which might cause potential economic troubles in the future," he said, "This number is twice as much as the annual income of the local governments."

Xiaolei Zuo, chief economist at China Galaxy Securities Company Limited, agreed with Tang.

"During the sudden storm of global economy, as a developing country, if China can not stabilize its economy quickly, it will be very dangerous and take much longer to recover the confidence level," she said.