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 (1422)	11/14/2003 12:03:00 AM
From: RealMuLan	Read Replies (1) of 6370

IMD study: China leads global economy ( 2003-11-14 10:09) (Business Weekly) China's fast economic growth shows no sign of easing and the global economy appears to be recovering, indicates a recently released study. The study, conducted and released earlier this year by Switzerland-based International Institute for Management Development (IMD), one of the world's best-known business schools, indicates China, due to its fast GDP (gross domestic product) growth, has driven a growth engine for the global economy over the past 10 years. China's GDP increased 8 per cent last year. During this year's first nine months, the growth rate was 8.5 per cent. East China's Zhejiang Province was ranked 14th, in terms of comprehensive competitiveness, among the 30 economies, with more than 20 million people, surveyed by IMD. Zhejiang's economic growth rate last year was 12.3 per cent. That is a pretty good start, IMD President Peter Lorange said last month during his visit to Shanghai. www1.chinadaily.com.cn

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