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

To: RealMuLan who wrote (3039)	4/6/2004 2:36:03 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's Q1 GDP growth expected to top 9 percent showing severer conflicts in structure Currently China's economic development is in a sensitive period with marked structural conflicts Therefore, tempo and technique should be put under macro-control, said Chen Dongqi, deputy director of the Research Institute for Macro-economy under the National Development and Reform Commission (NDRC). Chen made the remark at the seminar on macro situation jointly held by Chinese Academy of Social Sciences and China Chengxin Credit Management Co., Ltd.. In terms of aggregate, Chen said, the growth of Gross Domestic Product (GDP) during the first quarter of 2004 is expected to exceed 9 percent, which if continues to speed up, will bring about a double-digit growth in the second quarter, a surge in economic development. However, if the control by policy is strengthened and tightened, the economy is likely to see a "plunge". While in terms of aggregate and structure, structural conflicts stand out: first is the conflict between domestic demand and consumption; second is that between the second industry and tertiary industry; third is that between demand and supply inside the second industry. With regard to this situation, Chen noted tempo and technique should be specially stressed in the macro control this year. We should pay close attention to various economic indexes and avoid problems in certain part to affect macro policies. Specifically, investment should be tightened and consumption liberalized; industry tightened, tertiary industry liberalized. However, proactive fiscal policy and stable currency policy should be maintained in macro control, and at least currency policy must remain tight for the moment. By People's Daily Online english.peopledaily.com.cn