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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (9180)	11/7/2010 10:32:50 AM
From: RealMuLan	Read Replies (1) \| Respond to of 12464

Yeah??? Says who???--According to IMF, "China alone will generate more growth than the entire G7" in 2010! theage.com.au "CHINA and India will generate 40 per cent of the world's growth in the next two years, as the West struggles amid the debris of the global financial crisis, according to the International Monetary Fund. ... On the IMF estimates, despite its relative strength, Australia will still contribute less than 1 per cent of global growth this year. On a purchasing power parity basis, ignoring exchange rates, developing countries will generate 70 per cent of global growth in 2010, up from 45 per cent in 2000. China alone will generate more growth than the entire G7. India will generate more growth than all the 27 countries in the European Union - and in 2011, almost as much as the US. Twenty years ago, China and India generated just 10 per cent of global growth. Ten years ago they made up just 18 per cent. This year their share will be just over 40 per cent."