Chinese economy in troubled times of recession has become a guide for other countries on the itinerary of the crisis - recovery. But the collapse of stimulating the economy or even to discuss the exit strategy is not in a hurry.

The fact that the discussion of the termination of incentive measures in China is premature, at the banking conference in Hong Kong regulators said financial sector. There came a time to discuss the exit strategy, they believe. It is too early to talk about exit strategy, - the chairman of the Committee on Banking Supervision Liu Minkail. - It is possible the economy to be a bumpy ride.

Meanwhile, the growth of Chinese economy in the last quarter accelerated. China's GDP grown in July-September at 8% over the same period in 2008 after increasing by 7,9% in the second quarter, Liu believes Minkail. Forecast of analysts surveyed by Bloomberg, are optimistic - they expect that the rise was 9%.

However, there's China's incentive programs and pitfalls. It was she, along with record growth of bank lending did not allow for domestic consumption rather than export demand in the main engine of economic growth in the country, believes the Asian Development Bank (ADB).

Expansionary fiscal and monetary policy to soften the blow of a global recession, the ADB noted in a statement issued late last month, but now the state must turn its attention to efforts to restructure the economy.

However, it is the program of incentives and credit boom led by ADB to improve its forecast for growth of the Chinese economy - from 7% to 8.2% this year and from 8% to 8,9% in 2010. According to the updated forecast of the International Monetary Fund (IMF), China's GDP growth will amount to 8,5% and 9% in 2009 and 2010, respectively.

Recall that at the summit of G20, held in late September, it was decided not to pursue measures to stimulate the economy. However, some countries have already begun to gradually phased out. Thus, the Reserve Bank of Australia, the first of the central banks of twenty announced an increase in interest rates.

Guide U.S. Federal Reserve can not yet come to a consensus as to when the time comes for a similar step. But on Thursday, Fed Chairman Ben Bernanke said the Fed would be ready to raise interest rates once the outlook for the economy significantly improved.

In turn, the head of the European Central Bank (ECB) Jean-Claude Trichet said earlier that the collapse measures designed to restore economic growth and the volume of bank lending, it is too early. However, the exit strategy from the European Central Bank is ready. The ECB has an exit strategy, and the bank is ready to introduce it into action when the time comes, - he said.

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