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China economy to grow 12 percent in Q1 [Copy link] 中文

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Post time 2010-3-29 11:59:26 |Display all floors
Agencies:



China 's annual economic growth will reach 12 percent this quarter, a government researcher said in remarks published on Monday, as economists ratchet up growth forecasts following strong industrial output growth last month.

Yu Bin, head of macroeconomic research at the State Council Development Research Center, said the Chinese economy would face relatively heavy downward pressure on the pace of growth in the second quarter and thereafter, the official Shanghai Securities News said.

It also quoted Fan Jianping, a senior economist with the State Information Center, a think-tank under China's economic planning agency, as forecasting the same rate of growth in the first quarter followed by a possible drop to 10.8 percent in the second quarter and 9 percent or less in the third and fourth quarters.

China's GDP growth picked up steadily last year to 10.7 percent in the fourth quarter from 6.2 percent in the first, as aggressive government stimulus bolstered economic growth after a heavy blow from the global financial crisis .

The latest industrial output data showed robust 20.7 percent year-on-year growth for January and February, although China's industry minister Li Yizhong said that the pace of growth, fed by a stimulus package in late 2008 that had nearly run its course, could not be maintained.

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Post time 2010-3-29 14:43:55 |Display all floors
Bad news. Nothing suggests this growth is real, just credit expansion and virtual economy.
"Justice prevails... evil justice."

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Post time 2010-3-29 15:01:20 |Display all floors

Reply #2 interesting's post

rebound.....

maybe we can use the NANOTECH, ECOTECH and massive merger & acquisition deals....


Green DRagon
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Post time 2010-3-29 15:50:20 |Display all floors
Originally posted by greendragon at 2010-3-29 16:01
rebound.....

maybe we can use the NANOTECH, ECOTECH and massive merger & acquisition deals....


Green DRagon
Game Master



If confirmed, 12% growth is Maglev speed and a bit too fast for my taste. Bullet train speed  (8 to 10%) will do. :)

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Post time 2010-3-29 16:28:29 |Display all floors
Did they throw 2 dices with both 6 on it this time ?

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Post time 2010-3-29 16:37:00 |Display all floors
GD,

M&A doesn't grow the economy in real terms, but it does create precisely the virtual economy I mention.
"Justice prevails... evil justice."

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Post time 2010-3-29 22:30:55 |Display all floors
China's power industry in first 2 month ran in deficit, the only loss-making sector reportedly.

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