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 (1366)	11/11/2003 1:25:48 PM
From: RealMuLan	Read Replies (1) of 6370

China's Bounding Economy Fuels Both Hope and Concern By THOMAS CRAMPTON Published: November 11, 2003 ONG KONG, Nov. 10 - China reported on Monday that industrial production surged in October, highlighting again its torrid economic growth. "The Chinese economy is absolutely red hot,'' said Dong Tao, chief regional economist at Credit Suisse First Boston. "This is great news for the world economy and people selling machinery or iron ore to China.'' Advertisement China, Asia's second-largest economy, behind Japan's, said that industrial production soared 17.2 percent in October from the month a year ago. Although economists cautioned that the data could be heavily revised, the figure illustrated both China's economic might and the dangers that can accompany an overly rapid expansion. China's economy grew 8.5 percent in this year's first nine months. Analysts said that they expected a similar rate for the full year. "When China accelerates, the world follows,'' Mr. Tao said. "When China slows down, the world will hurt. China is no longer just another emerging-market economy.'' nytimes.com

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