My comment: As we predicted, most indicators tell that China´s economy
rebounded in February or early March. It just means that we are in
third phase of the U. We will see mixed indicators along a few months
before it clearly grows fast again.

But now, we have to be ready for next phase, global hyperinflation. In
order to keep ammunition and not to overheat economy, maybe we should
not push growth in 2009 . Althought stimulous plan could make possible
to reach the government´s goal of 8%, I must say again that growth
between 6% and 7% is the natural growth. If we would not expect
hyperinflation we could force growth to 8%, but nowadays in my opinion
is better to fasten belts a little bit while waiting for next phase.

Peace and best wishes.

Xi

This index is not what we monitor in this group, but more or less it
gives us an idea of the economic sentiment in China, that now we could
define as flat (around 100 in a scale of 0 to 200) being possitive
above 100.

China sees smaller decline in business climate index in Q1, confidence
recovers (it includes key figures for January-February).
http://news.xinhuanet.com/english/2009-04/09/content_11155252.htm

World Bank: China on recovery path
http://news.xinhuanet.com/english/2009-04/08/content_11146477.htm



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