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

To: RealMuLan who wrote (16248)	11/18/2004 9:27:16 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

China´s GDP growth to slow next year, commodity prices likely higher - report Friday, November 19, 2004 1:31:16 AM afxpress.com China's GDP growth to slow next year, commodity prices likely higher - report SHANGHAI (AFX) - China's gross domestic product growth will be 0.6-0.7 percentage points lower next year as the country continues implementing macro-economic control programs, the Shanghai Securities News reported, citing a National Development and Reform Commission (NDRC) official The newspaper quoted Chen Dongqi, deputy director of the NDRC's economic research institute, as saying the lower GDP growth rate next year is expected to eliminate 600,000-700,000 job opportunities, requiring the government to develop other labor intensive industries Chen said he expects the government to focus on stimulating domestic consumption next year to prevent economic growth falling too dramatically [with rising interest rates and falling employment, exactly how is the govt going to stimulate consumption? - mish] Earlier this month, the NDRC forecast China's GDP growth this year to stand at 9 pct with growth slowing to 8-8.5 pct next year on slowing investment and export growth