This is an excellent thread if you are interested in China Stocks.
Subject 53540
Greater China Stocks
To:Yiwu Zhang who wrote (476)
From: Yiwu Zhang Tuesday, May 20, 2003 5:58 PM
View Replies (1) | Respond to of 482
China January-April 2003 car production up 110%
Agence France-Presse
Shanghai, May 20
The impact of SARS has failed to slow China's car production, with output in the first four months of the year rising 110 per cent to 565,400 units over the same period in 2002, the National Bureau of Statistics said on Tuesday.
Production in April rose 83.6 per cent to a new monthly record of 166,900, with first quarter growth jumping 120 per cent year-on-year.
Officials have forecast that second quarter and full year output growth would slow to last year's rate of 53 per cent.
Output in March rose to a record 156,700 units, 42,500 more than in February, and 30,000 higher than the figure for January, the statistics bureau said last month.
China is in a wonderful position she has an almost unlimited labor pool. Her exports will lead to an increase of growth within her own internal structure. Her possibilities partially due to poverty are outstanding. Her peg to the US dollar is a bonus at this time unless the US dollar drops too low. It is critical she establishes her own solid banking system another plus that would add stimulus to her economy.
The difficulty for her could be too much government. Costs of government can become excessive to people production. Government then is accidently cutting its own throat by increasing taxation to support itself. A case of someone forget who is serving whom.
China has offered numerous incentives tax wise for corporations who establish themselves within China. On the surface the potential is unlimited. She also has an advantage of Russia history so she can avoid numerous pitfalla.
It all depends on China's government. She must base her system on curtailing costs as well as red tape. The fact is government is financed by people production and is not the reason why people produce. |
