China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1352)	11/11/2003 12:44:19 PM
From: RealMuLan	Read Replies (1) of 6370

Workshop of the world? More work needed for China ( 2003-11-11 09:26) (China Daily) But yesterday at the end of the China Economic Growth Forum 2003, Ma Jiantang, deputy secretary-general of the State-owned Assets Supervision and Administration Commission, said: "This is inaccurate when looking at the country's overall economic volume, the size and the capability of the manufacturing industry." A country's gross domestic product (GDP) has to account for more than 10 per cent of the world's total before it can be considered a world centre, he said. In addition, its manufacturing output has to account for more than 15 per cent of the world's total and its manufacturing industry has to account for more than 10 per cent of the global total. Also, the technical level of some sectors within the manufacturing industry has to lead the rest of the world. In 2002, China's GDP reached US$1.27 trillion, ranking sixth in the world. However, it only accounted for about 3.7 per cent of the world's total, Ma said. ... www1.chinadaily.com.cn

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