Hamish McRae: What happens in China will affect us all
http://news.independent.co.uk/business/comment/story.jsp?story=483458
22 January 2004
Today is the start of the Chinese New Year - the year of the monkey.
China enters it with its economy racing ahead, delivering growth that
is having a profound effect not just on China, but also on the rest of
the world.
On Tuesday the Chinese authorities disclosed that the economy had
grown by 9.1 per cent last year (see first graph), leading western
economist to calculate that growth in the final quarter must have been
close to 10 per cent. Looking ahead, the general view seems to be that
there will be another year of similarly rapid growth, maybe back to
7-8 per cent, maybe up to 10-11 per cent. But from a global point of
view it does not really matter, for even if the growth rate falls back
a bit, China is already changing the world.
Hamish McRae
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&selm=18510aff.0401151230.33bb6b4c%40posting.google.com
Is the wakening giant a monster?
http://tinyurl.com/iws6
A Blueprint for the Future
http://tinyurl.com/9vga
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