China's 'marriage' to foreign investors faces new challenges

When China joined the &to=' target=_blank>World Trade Organization four years ago it feared the "wolf" had come _ foreign investors ready to eat up its economy. A year later, China and the wolf were dancing together. Now, they're married, but a senior Bank of China executive said Wednesday this doesn't mean the marriage will last forever.

Zhu Min, the state-owned bank's executive assistant president, cautioned that the road ahead depends, in particular, on how &to=' target=_blank>China and foreign investors team up to meet challenges in the newly opened financial sector.

China's booming economy and prospects for investment featured high on the first day's agenda at the World Economic Forum, the annual gathering of the world's top business and government leaders.

Zhu predicted that China's economy would grow between 8.8 percent and 9.3 percent this year, mainly because domestic consumption and construction have picked up.

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