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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (5172)	4/28/2004 1:22:46 PM
From: RealMuLan	Read Replies (1) of 116555

China tipped to soft land at year-end Foster Wong China's overheated economy is likely to pull off another soft landing by the end of the year, Morgan Stanley chief economist Stephen Roach says. The country is more capable of dealing with economic problems than it was a decade ago, Roach said, in one of the more optimistic assessments of recent weeks. The US investment bank expected the mainland economy to expand at 7 per cent this year - same as the official forecast - and stay that way through 2005. This compared to a six-year high of 9.1 per cent in 2003. ``China is not your basic inexperienced, uninitiated developing country that suddenly finds itself on the big stage for the first time. China has weathered tough learning experiences,'' Roach said. ``The Chinese authorities are very serious in their attempt to slow down the unbalanced and rapidly growing Chinese economy to a more managed level.'' thestandard.com.hk

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