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Author Topic: Chinese economy continues explosive growth
Jimmy Brogan
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posted 20 April 2005 02:57 PM      Profile for Jimmy Brogan   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Chinese economy continues explosive growth

quote:
BEIJING: China's economy grew 9.5 percent in the first quarter, the same rate as for all of 2004 and compared to 9.7 percent in the same period last year, the National Bureau of Statistics announced.

Economic output by value totalled 3.13 trillion yuan (379 billion dollars) in the three months to March, the NBS said.

Fixed asset investment, which reflects government spending on infrastructure, increased 22.8 percent in the first quarter, just slightly slower than the 25.8 percent growth rate for 2004, according to the figures.

"The total size of investment is too large. Shortages of coal, electricity, petroleum and transportation are still prominent," NBS spokesman Zheng Jingpin said, warning of continuing pressure on resources to fuel the rapidly expanding economy.

Zheng indicated China still faced difficulties trying to cool down the economy to prevent it from overheating.

"The price for some upstream products rose by a bigger margin than desired and the task of macro-economic regulation is still arduous," he said.

"Macro-economic regulation and control should be meticulously implemented in order to consolidate and strengthen the good momentum of national economic performance."



From: The right choice - Iggy Thumbscrews for Liberal leader | Registered: Nov 2002  |  IP: Logged
Fidel
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posted 20 April 2005 04:13 PM      Profile for Fidel     Send New Private Message      Edit/Delete Post  Reply With Quote 
And we're still chugging along in Canada with anemic growth rates of our own. Makes it easier for the rich to count their money this way.
From: Viva La Revolución | Registered: Apr 2004  |  IP: Logged
WingNut
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posted 20 April 2005 04:39 PM      Profile for WingNut   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Did anyone else notice Martin's heralding of Canada's return to a hewer of wood and drawer of water? Maybe he didn't notice that resource economies are the most unequal around the globe, more likely to be embroiled in conflict, more susceptible to economic downturns, the least sustainable, and the most likely to be undemocratic. Or maybe he did notice.

" The rise of new superpowers also presents a renaissance for Canada's natural-resource exporters as booming middle classes in Asia drive demand for materials."

Click


From: Out There | Registered: Aug 2001  |  IP: Logged
Rufus Polson
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posted 20 April 2005 11:56 PM      Profile for Rufus Polson     Send New Private Message      Edit/Delete Post  Reply With Quote 
Yeah, well, he's committed to NAFTA++ and WTO crud; I don't think they leave us much room for any kind of industrial policy, and his own gutlessness leaves even less.
So he might as well celebrate it, because he's foreclosed on the possibility of developing anything else. The only thing we've got going for us is that apparently auto jobs are moving north from the States due to medicare being way cheaper than US health insurance.

From: Caithnard College | Registered: Nov 2002  |  IP: Logged

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