Sunday, May 23, 2004

economy - The party goes on - SDPC

The State Development and Reform Commission (SDPC) expects no slowdown in the development of China's economy in the second half of this year, Reuters quotes its deputy director Zhang Guobao, on a trip in Europe.
The official line is that the red-hot economy should go down from its current almost 10 percent growth rate and many measures are being taken to tighten the flow of credit. Commodity traders only last week said they actually saw a decline in their trade.
It is not uncommon for Chinese government officials to follow different lines, but on this kind of crucial issues mostly on a central level there would be a certain common understanding.

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