Friday, May 14, 2004

economy - Growth to continue

Efforts to slow down China's dazzling growth have failed, writes the New York Times for those who are not part of it every day. Former prime minister Zhu Rongji stalled economic growth in the second half of the 1990s, helped by an economic crisis in Asia, and few have good memories about that period. Both options, growth and a slowdown, keep different people from catching sleep at night.
Meanwhile: inflation in April has gone up to 7 percent, reports Bloomberg, the highest since March 1997.

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