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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (693)	9/9/2003 3:57:43 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Central bankers look to China as the engine of global economic recovery September 9, 2003 By AFP Basle - The world's top central bankers yesterday signalled that a global economic recovery was starting to take hold, but voiced doubts about whether it would last. "The economic conditions have improved. We are very encouraged by the accumulating signs of a recovery," said Jean-Claude Trichet, the central bank governor of France, and the spokesperson for the Group of 10 central banks. "The problem is the sustainability of this recovery in the medium and long term." Trichet cited growing levels of consumer confidence and an acceleration of investment as signs a recovery was under way worldwide, but cautioned they were still fragile. While most of the indications were emerging from the US, the central bankers hinted that they were looking towards Asia for an alternative to the US to maintain a recovery. "China is the engine of the global economy," Trichet said after a regular meeting at the Bank for International Settlements, adding that the economic prospects for the world's most populous nation were good. busrep.co.za