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To: Ibexx who wrote (110047)	12/31/2001 12:55:43 AM
From: limtex	Read Replies (1) \| Respond to of 152472

Ibexx - India is now the most populous country on Earth. That is what makes it the greatest democracy on Earth. 1.3bn people most of whom despite being dirt poor do not want to kill Americans, if anything they want Green Cards so they can come here and build businesses here. The Indian civilization is progressing anf they are building themselves up. They are our friends and they are a force for good in the Third World. They have been attacked for no reason and we should and must support Inida. Best, L

To: Ibexx who wrote (110047)	12/31/2001 4:08:29 AM
From: Ibexx	Read Replies (1) \| Respond to of 152472

China economy & China markets: 12/30 23:56 China Economy Passes Italy in Size, Approaches France (Update1) By Michael Forsythe Beijing, Dec. 31 (Bloomberg) -- China's gross domestic product grew by 7.3 percent in 2001, faster than any major country, surpassing Italy to become the sixth-largest economy. China's gross domestic product reached 9.6 trillion yuan ($1.2 trillion) in 2001, based on preliminary estimates, according to National Bureau of Statistics director Zhu Zhixin. Italy generated $1.1 trillion in economic output in the twelve months ended September 2001, according to Bloomberg data. Still, slowing export growth helped decelerate economic expansion from growth of 8 percent in 2000. Shipments of goods abroad, which make up about one-fifth of China's economy, may slow further next year, with effects reverberating throughout the economy as factories cut production and workers lose their jobs, economists say. ``There will be a slightly tougher picture next year,'' said Pu Yonghao, an economist at Nomura Securities in Hong Kong. Last week, Trade Minister Shi Guangsheng said export growth could further slow in 2002 if demand in the U.S., Japan and the European Union, China's top three export markets, remains weak. Slowing exports could also affect other parts of the economy, such as industrial production and consumer demand, according to economists. Exports expanded by 6.3 percent in the first 11 months of 2001 from the same period last year. By contrast, exports rose by 28 percent in 2000. Slower 4th Quarter This year's growth figure suggests China's economy grew at a 6.3 percent annual rate from October through December, the slowest quarterly rate in two years. For the past four years China has attempted to bolster sagging growth through public spending, last year spending 150 billion yuan on roads, bridges, airports and other infrastructure projects. China publishes a preliminary GDP estimate at the end of each calendar year. In mid-January, the National Bureau of Statistics releases final figures. Some economists criticize the China for inflating growth rates. Others say underreporting of economic activity by some provinces to reduce their revenue transfers to the central government, may mean official figures understate actual growth. Barring major fluctuations in the Euro-dollar exchange rate, China's economy should overtake France in 2002 to become the fifth- largest economy. In the 12 months to September, France generated 1.4 trillion euros ($1.2 trillion) in economic output. On Friday French Finance Minister Laurent Fabius said the economy should grow 2 percent or 2.1 percent this year. China has targeted 7 percent economic growth through 2005. Britain in 2005 At current exchange rates and growth levels, China is set to overtake Britain's economy in 2005 or 2006. The U.S., Japan, Germany, the U.K. and France are the world's five largest economies, as calculated by exchange rates. Economic measures gauging purchasing power put China's economy at either No. 2 or No. 3. The statistics bureau's Zhu also said grain production was expected to surpass 450 million tons this year and that cotton and sugar yields will increase more than 10 percent. The acreage of wheat fields increased by 1.3 million hectares, Zhu said. Rice crops accounted for more than 50 percent of the total grain acreage, he said. Average disposable incomes in urban areas increased by 8.2 percent while income for rural residents rose 4.0 percent, 1.9 percentage points higher than in 2000. quote.bloomberg.com Ibexx