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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.22

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Nov 21 4:00 PM EST

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To: Maurice Winn who wrote (76234)	7/11/2011 3:02:44 PM
From: elmatador	Read Replies (1) of 217927

Good point! Service sector of China is where the growth will be. Service sector in a mature economy is about 80%. In China is 48%. It has lots of legs to go! What is the % cyberspace comprises of a given country's GDP? I don't know but you can be sure that sector will make a huge portion of the coming decades of China economic growth. All R&D already done, China will benefit of that to create their cyberspace % at a fraction what cost to the OECD mature economies. dvdw is right. The US did he heavy lifting. Using their power as holders of the world's currency they had the money to do the heavy lifting. China will do to Cyberspace what they did to iron ore and exports of manufactired goods. China Daily 2011-03-02 According to the draft of China's 12th Five-Year Plan (2011-2015), which will be discussed at the fourth session of the 11th National People's Congress starting on Saturday, the sector's proportion of gross domestic product (GDP) should increase by 4.2 percentage points by 2015 to around 48 percent. The number of people employed in the sector is expected to grow by 5 percentage points to 41 percent. The figures are higher than the goals set in the previous five-year plan - 3 percentage points for GDP and 4 for employment. Those targets, however, were not reached last year. Economists attributed the failure to the unexpectedly fast growth of China's GDP. The annual increase of the GDP hit 9.1 percent in 2009 and 10.3 percent in 2010, compared with the planned average year-on-year growth of 7.5 percent from 2006 to 2010. chinadaily.com.cn

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