What, oh what, to do with China? – Joe Horn-Phathanothai

From Bangkok Post:

Premier Wen Jiabao has a problem, albeit a rather unique one. Under his watch, China’s economy has experienced low inflation, steady liberalisation, and has grown in leaps and bounds. As it turns out, that last point is precisely the problem; China is indeed growing too fast. Just recently, China’s National Bureau of Statistics announced that China’s GDP grew at a rate of 11.3% in the second quarter of this year. This, despite a series of efforts by the government to slow growth. But why is it such a problem for China to grow so fast? After all, the country remains poor compared to many Asian countries, including Thailand. [Full Text]

November 10, 2006 11:46 AM
Posted By:
Categories: China & the World