growth rate

China’s Slowdown Is Raising Concern

A growth rate of under 8 percent predicted for China in 2009 isn’t necessarily what will cause a flare-up in social unrest in the country but rather an increase in unemployment. “The two aren’t perfectly...

Emerging Trouble for BRICs

In such a time of global financial instability, why might the People’s Bank of China, for the first time in six years, decreased its benchmark lending rate by 27 basis points to 7.2%? In addition to the more immediate steps the...

China’s GDP to be slower than past years – Xinhua

From Xinhua, via Australian News: China is expected to see a fall in its GDP figure this year with the growth rate predicted at nine percent, the lowest for the past four years. Liu Shijin, deputy director of the Development Research Centre of the State Council, a government think tank, said Tuesday that driven by […]

Will Super-High Chinese Growth Continue? – Matt Nesvisky

From The National Bureau of Economic Research: “While the Foreign Invested Enterprise sub-economy is still only 20 percent of China’s total economy, it nonetheless accounts for over 40 percent of China’s recent economic growth if FDI inflows level off (as appears to have happened in 2005), the sustainability of Chinese growth in the 7-10 percent […]

China growth forecasts rise again – BBC

From BBC News: The Chinese economy is likely to grow even faster than previously thought this year, according to the Asian Development Bank (ADB). The body has upped its forecast for China’s growth rate to 10.4%, from its previous prediction of 9.5%. China’s growth shows no sign of slowing down despite government efforts to cool […]

China’s rise fraught with hope, fear – Tim Johnson

From The Knight Ridder Newspapers: If Japan’s development was fast, and South Korea’s was even faster, then China’s rise is the fastest. China on Tuesday reported that its economy is much bigger when its share of the growing services sector is estimated more accurately. As a result, China replaced Italy as the world’s sixth-largest economy. […]

Experts See China as World’s 4th Largest Economy – and Climbing – David Barboza and Daniel Altman

From The New York Times: Many economists have long suspected that official government statistics were a slighter shadow of reality. With China’s announcement on Monday that its economy was far bigger than previously estimated, economists and financial prognosticators are scrambling to rethink their assessment of China’s rise and its role on the world stage. China’s […]

The Business: China Dream hits the wall

From The Business – Europe’s Global Business News: China’s explosive growth is testing the managerial competence of the relatively new leadership in Beijing. Some of the problems are the result of poor planning; others stem from the mainland’s expansion rate, which, despite attempts to cool it, still tops 9%. The population is ageing, the number […]

Satyabrata Rai Chowdhuri: Why China is growing so fast?

From Asia Times Online: How has China achieved this miracle? Economists studying China face thorny theoretical and empirical issues, mostly derived from the country’s years of central planning and strict government control of many industries, which tend to distort prices and misallocate resources. In addition, since the Chinese national accounting system differs from the systems […]

AP: China Projects 8 Percent Annual Growth

From AP, via the Washington Post: China should keep up its strong economic expansion over the next five years, with annual growth of 8 percent driven by abundant labor and a big domestic market, the government said Thursday. The projected growth is below the 9.5 percent reported for 2004 – the country’s fastest expansion in […]

Xinhua: Grain shortfall to continue, worry for supply ruled out

From Xinhuanet: Expecting another year of grain yield shortfall, China will make efforts to fill the gap by enhancing the productivity of its farmland and increasing grain import, a financial official said Monday. Chen Xiwen, deputy director of the Office of the Central Financial Work Leading Group, said at a press conference in Beijing that […]

Asia Times: Chinese economy as hot as ever

From Asia Times Online: “Despite the government’s efforts to cool down the scorching economy, China’s gross domestic product (GDP) totaled 13.65 trillion yuan (US$1.65 trillion) in 2004, jumping unexpectedly by 9.5% year-on-year, the National Bureau of Statistics (NBS) said here on Tuesday. Record levels of exports and a surge in farm production and retail sales […]

Economist: China’s reheated economy

From Economist.com: China’s economy re-accelerated in the last quarter of 2004, despite official efforts to curb rampant investment. Is it growing too fast to keep its balance? On Tuesday, January 25th, the Chinese authorities sheepishly confessed that the economy beat expectations last year, growing by 9.5%. It finished the year particularly strongly, growing at an […]

AP: China Says Economy Grew 9.5 Percent in 2004

From TBO.com: “China’s economy expanded at its fastest pace in eight years in 2004, growing at an annual rate of 9.5 percent despite efforts to slow its blistering pace in order to avert inflation, the government said Tuesday. The figures exceeded economists’ forecasts and were well above the official target of 8 percent.” Australia’s Herald […]

China’s Just Too Hot

This is an editorial article in LA Times today: “China’s struggle to slow — without crashing — its overheated economy is of vital interest well beyond the Great Wall. The economic boom is evident in the hundreds of construction cranes towering over Shanghai and in commodity prices worldwide that have been driven higher by China’s […]

Flying high – but will it float?

From The Observer, Heather Stewart wrote: ‘China is a sleeping giant. And when she awakes, she shall astonish the world.’ The truth of Napoleon’s warning, made more than two centuries ago, is beginning to resonate in the world’s richest nations. When oil prices shot up above $50 a barrel earlier this year, it was the […]

China economy settles at sustainable pace

From UPI, via the World Peace Herald: “The economic data China reported in October pointed to an economy settling to a sustainable pace. Inflation has been easing, even though it is still too early to say the inflation cycle in China has peaked.”     

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