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

To: RealMuLan who wrote (6311)	5/13/2004 1:37:32 PM
From: RealMuLan	Respond to of 116555

NAB predicts managed slowdown of China economy www.chinaview.cn 2004-05-13 19:45:08 HONG KONG, May 13 (Xinhuanet) -- National Australia Bank said hereThursday that Chinese economy will reach a managed slowdown later this year. Alan Oster, chief economist of the bank, said he believed that the regulatory and control measure introduced by the Chinese government will be carefully crafted to avoid disrupting economic activity. He noted that the Chinese government has already taken measuresin bank lending to industries in order to prevent any overcapacity. He held that the macro-control measures in Chinese economy willnot have any negative impact on neighboring countries and regions,because China will still maintain a relatively high economy growth. He noted that China worked to further economic development by using monetary policy, including means of interest rates, lending and capital account. "2004 is shaping up to be a very strong year for economic growth in Asia, and non-Japan Asia growth should exceed 7 percent underpinned by rapid economic expansion in the United States," he guessed. For Hong Kong SAR, he added, economic growth has resumed, predicting a 6 percent growth rate this year to be followed by a slower 4.5 percent in 2005. Enditem news.xinhuanet.com