China's GDP is expected to grow by 7.5% (6.30) in 2000
-
Last Update: 2003-03-12
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
OA show ('918 '); according to Dow Jones, a state-owned media report on Thursday quoted data from the State Statistical Bureau as saying that China's economy is expected to grow at an annual rate of 7.5% in 2000 According to the latest statistics, Xinhua news agency, the official news agency, China's economy has achieved steady and healthy development in the first five months of this year It is expected that the annual GDP growth will reach 7.5% The forecast is part of a summary of previously released investment, trade, inflation and sales data for the first five months of the year A group of unnamed economists attributed good economic performance to the central government's aggressive fiscal policy since 1998, the newspaper reported In the past two years, the Chinese government has spent 160 billion yuan (US $1 = 8.28 yuan) on infrastructure construction The government also plans to invest 100 billion yuan this year to stimulate domestic demand After more than two years of deflation, domestic demand has been weak In the report, economists said that the rapid improvement of the recent economic situation is just the beginning of the overall economic development trend But they say it will take time for the economy to grow faster China feed industry information network vzf (author:)
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
