WORLD BANK DENIES CHINA'S PRODUCTION CAPACITY REDUNDANCY
AsiaInfo Services, May, 2006
AsiaInfo Services 05-12-2006 World Bank Denies China's Production Capacity Redundancy SHANGHAI, May 12, 2006 (SinoCast via COMTEX) -- According to World Bank, the possibility of production capacity redundancy of China does not exist. The statistics from World Bank shows that the export of China grows smoothly and its GDP growth is expected to reach 8.5% in 2007.
So China's economy has a minor possibility of having a hard landing. The expert of World Bank Dr. Louis Kuijs thought most of China's industries would not lead to production capacity redundancy, though the price fluctuation had ever stricken them. In macro view, China's potential GDP growth is about 10%. At present, the growth rate of its industrial profit is growing at a rate of 20% and the...
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