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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5172)	4/28/2004 1:22:46 PM
From: RealMuLan	Read Replies (1) \| Respond to 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

To: RealMuLan who wrote (5172)	4/28/2004 2:39:27 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

U.S. rejects labor complaint on Chinese labor rights By Rex Nutting WASHINGTON (CBS.MW) -- The White House rejected a petition Wednesday from the AFL-CIO complaining that China's denial of workers' rights is an unfair trade practice under U.S. law. "Accepting these petitions would take us down the path of economic isolationism, a path we would not take," said U.S. Trade Representative Robert Zoellick. The Bush administration announced a joint U.S.-China investigation into China's labor practices. Treasury Secretary John Snow said he would dispatch Undersecretary John Taylor to Beijing next month to press the Chinese to drop its currency peg to the U.S. dollar.